Assume there are three companies that in the past year paid exactly the same annual dividend of $$2\mathrm{.}19$ a share. In addition, the future annual rate of growth in dividends for each of the three

companies has been estimated as follows: $.$ Assume also that as the result of a strange set of circumstances, these three companies all have the same required rate of return $(r=12\%).$

a$.$ Use the appropriate DVM to value each of these companies.

b$.$ Comment briefly on the comparative values of these three companies. What is the major cause of the differences among these three valuations?

a$.$ For Buggies$-$Are$-$Us$,$ the value of the company's common shares is $

$($Round to the nearest cent.$)$

Data table

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