es X-Ray Company paid $2.00 per share in common stock dividends last year. The company's policy is to allow its dividend to grow at 5 percent for 4 years and then the rate of Bowth changes to 3 percent per year from your five and on. What is the value of the stock required rate of return is 8 percent? a) show the value of the dividends up to years, where Do = last dividend paid = next dividend (1 year from now), etc. os= diridend paid syears from today. b) What is the present valve measured at yeary, of all dividends after year 4? c) What is the present Value of all Dividends to be paid in the next years? d) what is the present Value today (time c) of the evatiye art. cif all Dividends after year up found in b) above? e) What is the value- (price) of the stock