Fresno Corp. is a fast-growing company whose management that expects to grow at a rate of 26 percent over the next two years and then to slow to a growth rate of 20 percent for the following three years. The required rate of return is 14 percent. If the last dividend paid by the company was $2.15.

What is the dividend for 1st year? (Round answer to 3 decimal places, e.g. 15.250.)

D1

$

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What is the dividend for 2nd year? (Round answer to 3 decimal places, e.g. 15.250.)

D2

$

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What is the dividend for 3rd year? (Round answer to 3 decimal places, e.g. 15.250.)

D3

$

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What is the dividend for 4th year? (Round answer to 3 decimal places, e.g. 15.250.)

D4

$

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What is the dividend for 5th year? (Round answer to 3 decimal places, e.g. 15.250.)

D5

$

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Compute the present value of these dividends if the required rate of return is 14 percent. (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.20.)

Present value

$