DPS Calculation

Thress Industries just paid a dividend of $2.50 a share (i.e., D₀ = $2.50). The dividend is expected to grow 5% a year for the next 3 years and then 11% a year thereafter. What is the expected dividend per share for each of the next 5 years? Do not round intermediate calculations. Round your answers to the nearest cent.

D₁ = $

D₂ = $

D₃ = $

D₄ = $

D₅ = $