G5 P8.16 Assume there are three companies that in the past year paid exactly the same annual dividend of $2.25 a share. In addition, the future annual rate of growth in dividends for each of the three companies has been estimated as follows: Steady Freddie, Inc. g= 6% Buggies-Are-Us g=0 (i.e., dividends are expected to remain at $2.25/share) (for the foreseeable future) Gang Buster Group Year 1 $2.53 2 $2.85 3 $3.20 4 $3.60 Year 5 and beyond: g = 6% Assume also that as the result of a strange set of circumstances, these three companies all have the same required rate of return (r = 10%). a. Use the appropriate DVM to value each of these companies. b. Comment briefly on the comparative values of these three companies. What is the ma- jor cause of the differences among these valuations