Hana Corp estimated the following data:
The dividend will grow as follows
year	growth rate
1	8%
2	8%
3	6%
4 to n	4%
Rate of return	6%
Last dividend paid	$0.10
Find expected price for year one, E(P1)

	1.	Between $6.40 and $6.50
	2.	Between $5.40 and $5.50
	3.	Between $5.50 and $6.05
	4.	Between $6.05 and $6.40
	5.	Less than $4.00