Integrated Potato Chips just paid a $$1\mathrm{.}4$ per share dividend. You expect the dividend to grow steadily at a rate of $5\%$ per year.

a$.$ What is the expected dividend in each of the next $3$ years?

b$.$ If the discount rate for the stock is $11\%,$ at what price will the stock sell today?

c$.$ What is the expected stock price $3$ years from now?

d$.$ If you buy the stock and plan to sell it $3$ years from now, what are your expected cash flows in $($i$)$ year $1$; $($ii$)$ year $2$; $($iii$)$ year $3?$

e$.$ What is the present value of the stream of payments you found in part $($d$)?$