For each of the following scenarios determine the value as of the beginning of 2012 of the continuing dividend: Hint the non-constant forecasted growth period is 5 years. So, the dividend in 2017 is the year t+1 projected dividend, i.e., you will need to discount the continuing value of dividends for 5 years to arrive back at the value at the beginning of year 2012 (end of 2011). Also, even though we discusses that Dt-1 does not equal Dt X (1+g), for this problem, that's exactly how you should compute it for simplicity as we have no other forecasted information.

	Forecast of Dividend in Year 2016	Long-Run Growth Forecast	Cost of Capital
Scenario A	$28	4%	11%
Scenario B	$54	9%	15%
Scenario C	$123	5%	14%