Auld Inc. is in a declining industry. Sales, earnings, and dividends are all decreasing at a rate of 5% per year. Investors have a required return of 12% and the next dividend is expected to be $8.50. a) What is the value of a share? (3 marks) b) What price do you forecast for the stock next year? (2 marks) c) Calculate the dividend yield and the capital gain (loss) yield. (2 marks)