Integrated Potato Chips paid a $2.40 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 6% per year.

ntegrated Potato Chips paid a $2.40 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 6% per year a. What is the expected dividend in each of the next 3 years? (Do not round intermediate calculations Round your answers to 2 decimal places.) Expected Dividend Year 1 2.54 Year 2 2.69 Year 3 2.85 b. If the discount rate for the stock is 10%, at what price will the stock sell today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current price c. What is the expected stock price 3 years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future price d. 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.) d. 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