Question
Assume that it is now January 1, 2022. Wayne-Martin Electric Inc. (WME) has developed a solar panel capable of generating 200% more electricity than any
Assume that it is now January 1, 2022. Wayne-Martin Electric Inc. (WME) has developed a solar panel capable of generating 200% more electricity than any other solar panel currently on the market. As a result, WME is expected to experience a 15% annual growth rate for the next 5 years. Other firms will have developed comparable technology by the end of 5 years, and WME's growth rate will slow to 5% per year indefinitely. Stockholders require a return of 13% on WME's stock. The most recent annual dividend (D0), which was paid yesterday, was $1.50 per share. Calculate WME's expected dividends for 2022, 2023, 2024, 2025, and 2026. Do not round intermediate calculations. Round your answers to the nearest cent.
D2022 = $
D2023 = $
D2024 = $
D2025 = $
D2026 = $
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