Integrated Potato Chips paid a $2.00 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 5% per year.

If you buy the stock and plan to hold it for 3 years, what payments will you receive? What is the present value of those payments? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.)

	Year 1		Year 2		Year 3
Dividend	$		$		$
Sale of stock
Total cash flow	$		$		$
PV of cash flow	$		$		$