Captured Photographs doesn't currently pay any dividends but is expected to start doing so in 4 years. That is captured Photographs will go 3 rore years without paying any dividends and then is expected to pay its first dividend (of 84 01 per share in the fourth year. Once the company starts paying dividonos, it's expected to continue to do so. The company is expected to have a dividend payout ratio of 42% and to maintain a return on equily of 23%. Based on the OVM and given a required rate of return of 10%, what is the maximum price you should be willing to pay for this stock today? The maximum price you should be willing to pay for this stock today is $(Round to the nearest cont.). Assume a major investment service has just given Big Lake Realty its highest investment rating, along with a strong buy recommendation. As a result you decide to take a look for yourself and to place a value on the company's stock Here's what you find. This year, Big Like paid s stockholders an annual dividend of 1143 share, but because of its high rate of growth in samnings, its dividends are expected to grow at the rate of 8% a year for the next five years and then to level out at 4 a year So far, you've learned that the stock has a bota of 1.19. the risk.ro rate of rotum 4.5 and the expected rotum on the market is 104% Using the CAPM to find the required rate of rotum, put a valon on this stock Uning the CAPM, the required rate of return on the investment is 1% (Round to two decimal places)