I believe the first two are correct. Will upvote if all is completed, thank you!

9. Stocks that don't pay dividends ret Goodwin Trchnologies, a relatively young company, has been wildy succesaful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three yeare from now, She expects Goodwin to pay a $2.25000 dividend at that time (D2=$2.25000) and believes that the dividend will grow by 11.70000% for the following twe years (Ou and O2). However, after the fifh year, she expects Goodwin's dividend to grow at a constant rate of 3.60000% per year. Goodwin's required return is 12.00000%. Fill in the following chart to determine Coodwn's herzon value at the horzon date (when constant growth begins) and the current intrinsic value. To increase the accuracy of your calculations, do not round your intermediate calculations, but round all final answers to two decimal places. Assuming that the markets are in caullbrum, Goodwin's current expected dividend yield is , and Goodmin's capital goins rield is Goodwin has been very successhul, but it hasn't paid a dindend yet. It circulates a report to Coodwin's investment opportunities are poor: 0.0076 Is this statement a possible explenation for why the firm hasn't paid a dividend yet? No Yes 9. Stocks that don't pay dividends yet Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyat forecasts that Goodwin is Likely to pay its fint dividend three vears from now. She expects Goodwin to pay a $2.25000 dividend at that time (O3=$2.25000) and believes that the dividend will grow by 11.70000% for the following two years (D. and Ds). However, after the fifth year, she expects Goodwin's dividend to grow at a constant rate of 3.60000% per year. Goodwin's required return is 12,0000036. Fill in the following chart to determine Goodwin's horizon value at the horizon date (when constant growth begins) and the current intrinsic value. To increase the accuracy of vour calculabons, do not round your intermediate calculations, but round all final answers to two decimal placres. Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is , and Goodwin's capital gains yield is 24.44% fen very successful, but it hasn'? paid a dividend yet. it circulates a report to its key investors containing the following statement: 12.00000% 34.62% 19.6443% ovestment opportunities are poor. Is this statement a possible explanation for why the firm hasn't paid a dividend yet? No Yes