Investors require a 15% rate of return on Levine Company's stock (that is, r_s = 15%).

What is its value if the previous dividend was D₀ = $1.75 and investors expect dividends to grow at a constant annual rate of (1) -4%, (2) 0%, (3) 3%, or (4) 12%? Round answers to the nearest hundredth. (1) $ (2) $ (3) $ (4) $