Assuming a required rate of return of 16% estimate titan's stock price plans 1-4 below

Titan Financial currently pays a dividen of $3.00. TItan's CFO forwarded 3 dividend plans 1-3. titan's ceo is worried the firm cannot maintain dividends at their current level, he proposes plan 4:

1: Plan 1 they intend to keep dividend constant forever

2: Plan 2: They intend to grow the $3.00 dividend at 6% per year forever

Plan 3: They intend to grow dividents at 33%, then 25%, then 20%, then 6% forever

Plan 4: they cut dividends by 33%, then cut them by 50%, then grow them at 8% forever.