Excel Activity: Nonconstant Growth and Corporate Valuation Taussig Technologies Corporation (TT) has beer growing at a rate of 20% poc year in recent years. This same growth rate is expected to last for another 2 years, then decline to gn=5% The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. a. If D0=$1.30 and rs=9%, what is TTC's stock worth today? Round your answer to the nearest cent. $ per share What are its expected dividend, and capital gains yields at this time, that is, during Year 1? Round your answers to two decimal places. Dividend yield: % Capital gains yieid: b. Now assume that TTC's period of supernormal growth is to last for 5 years rather than 2 years. How would this affect the price, dividend yield, and capital gains yield? Round your answer for the price to the nearest cent and for the dividend yieid and capital gains yield to two decimal places. b. Now assume that TTC's period of supernormal growth is to last for 5 years father than 2 years. How would this affect the price, dividend yieid, and capital gains, field? Round your answer for the price to the nearest cent and for the dividend yield and capital gains yield to two decimal places. The price will to $ per share, The dividend yield will to %. The capital gains yield will to %. c. What will TTC's dividend and capital gains yields be once its period of supemormal growth ends? (Hint: These values will be the same regardless of whether you examine the case of 2 or 5 years of supernormal growth; the calculations are very easy.) Round your answers to two decimal places. Dividend yield: Capital gains yield: What will TTC's dividend and capital gains yields be once its period of supernormal growth ends? (Hint: These values will be the same regardless of whether you examfie the case of 2 or 5 years of supernocmal growth; the calculations are very easy.) Round your answers to two decimal places. Dividend yield: Capital gains yield: TC recently introduced a new line of products that has been wildly successful, On the basis of this success and anticipated future success, the following free cash flows were projected (in millions): Yea FCF After the 10 th year, TC's financial planners anticipate that its free cash flow will grow at a constant rate or 5%. Also, the firm concluded that the new product caused the WACC to fall to 8%. The market value of TTCs debt is $1,000 million, it uses no preferred stock, it has zero nonoperating assets; and there are 20 milition of common stock outstanding. Use the corporate valuation model to value the stock. Round your answer to the nearest cent. $ per share