In 2018, you are interested in purchasing Netflix stock. The company recently paid a dividend of $3.00 per share. It expects dividends to grow at a rate of 7% in the future. Currently similar stock in the industry have a required return of 10%. a. What is the value of Netflix? (use the constant growth model formula) b. One year later (2019). your broker offers to sell you additional shares at $73. The dividend paid $3.21 and the expected growth rate remains at 7%. If the risk premium is 6.74% and the risk free rate is 5.25% what is the required return? C. Using the constant growth formula and required return (part b), what is the stock value in 2019 d. Should you buy the stock for $73? e. Based on the value from partc, should you sell you stock that you purchased in 2018