Chitch in an established computer chim with several profitable enoducts as well as compromising new products in development The company earned to a shore last year, and just paid out addend of 50 78 per share investors believe the company plans to maintain its dividend payout ratio at 60% ROE 2 Everyone in the market expect that on to per definitely What is the marke of Catech Stock? The required return for the computer chintys and com nex.dividend the next dividend will be paid a year from now. Do not round Intermedinte calculations found your answer to 2 decimal places) Marie of Chalk 1. Suppose you discover that Chiptech's competitor has developed a new chia that will eliminate Chiptech's current technologica advantage mis market. This new product, which will be ready to come to the market in two years, will force Chiptech to reduce the prices of its chips to remain competitive. This will decrease ROE to 18 and, because of falling demand for its prodid, Chuptech wat decrease the piowback ratio to 3 The plowback rabo will be decreased at the end of the second year, at 2: The annual year end dividend for the second year paid atr=2) wil be 70% of that year's earnings. What is your estimate of Chiptech's intrinsic value per share(Hirit Carefully prepare a table of Chintech's canings and dividends for each of the next three years. Pay close attention to the change in the payout ratio int2) (Round your answers to 2 decimal places) Altima 2 Aline D c. No one else in the market perceives the threat to Chiptech's market. In fact, you are confident that no one else will become aware of the change in Chiptech's competitive status until the competitor firm publicly announces its discovery near the end of year 2 What wil be the rate of return on Chiptech stack in the coming year (e between 0 and 1 (Hint for parts through e pay attention to when the market catches on to the new situation. A table of dividends and market prices over time might help) (Do not round Intermediate calculations. Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places) Ratartum c. Nonne ete in the market proves the thao Chain fact, you are confident that no one he become aware of the change in Chic's contre the competitor formudy innouncest scovery near the end of year what be the role of return on Chiptech stock in the coming year between 0 and forschuhe Panto when the mercatches onto the newton Able of dividends and market prices over time me not round intermediate calculations. Negative amount should be indiched by a minus sign Bound your answer to 2 decimal places d. What will be the rate of return on Chiptech stock in the second year between tandentro de calculations. Negative amount should be indicated by a man and your answer to 2 decimale) Hat What will be the rate of return on Chipech stock in the the year between 2 no rounded calculations. Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places