Helmes Plc has had a successful launch of their shares recently. The company intends to pay all its earnings as a dividend and has recently paid a

dividend of $$8$ per share. Investors demand a return of $16\%$ for shares exhibiting similar levels of risk. As a financial analyst you have been given the

task of forecasting the value of Helmes Plc$\text{'}$s shares. You have been given the following three alternative scenarios:

i$.$ Dividends are expected to growth at $6\%$ per annum in perpetuity.

ii$.$ Dividends will grow by $8\%$ over the next $3$ years and then stabilise at a level of $7\%$ sustainable for the foreseeable future.

iii. There will be zero growth in dividend in the foreseeable future.

Required: