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Integrated Potato Chips just paid a $1.4 per share dividend. You expect the dividend to grow steadily at a rate of 5% per year. a.

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Integrated Potato Chips just paid a $1.4 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)? Complete this question by entering your answers in the tabs below. What is the expected dividend in each of the next 3 years? Noter Do not round intermediate calculations. Round your answers to 2 decimal places

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