HELP ME ANSWER B and C "Assume that it is now January $1,2022.$ Wayne$-$Martin Electric Inc. $($WME$)$ has developed a solar panel capable of generating $200\%$ more electricity than any

other solar panel currently on the market. As a result, WME is expected to experience a $14\%$ annual growth rate for the next $5$ years. Other firms will have

developed comparable technology by the end of $5$ years, and WME's growth rate will slow to $4\%$ per year indefinitely. Stockholders require a return of $13\%$ on

WME's stock. The most recent annual dividend $(D_0),$ which was paid yesterday, was $$1\mathrm{.}75$ per share.

a$.$ Calculate WME's expected dividends for $2022,2023,2024,2025,$ and $2026.$ Do not round intermediate calculations. Round your answers to the nearest cent.

$D_{2022}=$$

$D_{2023}=$$

$D_{2024}=$$

$D_{2025}=$$

$D_{2026}=$$

b$.$ Calculate the value of the stock today, widehat$(P{)}_0.$ Proceed by finding the present value of the dividends expected at the end of $2022,2023,2024,2025,$ and $2026$

plus the present value of the stock price that should exist at the end of $2026.$ The year end $2026$ stock price can be found by using the constant growth

equation. Notice that to find the December $31,2026,$ price, you must use the dividend expected in $2027,$ which is $4\%$ greater than the $2026$ dividend. Do not

round intermediate calculations. Round your answer to the nearest cent.

$

c$.$ Calculate the expected dividend yield $(\{$:$\frac{D_1}{P_0}),$ capital gains yield, and total return $($dividend yield plus capital gains yield$)$ expected for $2022.($Assume that

widehat$(P{)}_0=P_0$ and recognize that the capital gains yield is equal to the total return minus the dividend yield.$)$ Do not round intermediate calculations. Round your

answers to two decimal places.

$\frac{D_1}{P_0}=$

$\%$

Capital gains yield $=$

$\%$

Expected total return $=$

$\%$

Then calculate these same three yields for $2027.$ Do not round intermediate calculations. Round your answers to two decimal places.

$\frac{D_6}{P_5}=$

$\%$

Capital gains yield $=$

$\%$

Expected total return $=$

$\%"$