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E-Communications has just developed a 5G product capable of increasing internet access by 10%. As a result, e-Communications is expected to experience a 15% annual

E-Communications has just developed a 5G product capable of increasing internet access by 10%. As a result, e-Communications is expected to experience a 15% annual growth rate for the next 5 years. By the end of 5 years, other firms will have developed comparable technology, and E-Communications' growth rate will slow down to 5% indefinitely. Shareholders require an annual return of 12% on the E-Communications stock. The most recent annual dividend paid was $1.75 per share

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