It is now December 5, 2023. Poseidon Engineering,of San Jose, California has just developed a solar panel capable of generating more electricity than any solar panel currently on the global market. As a result, the firm is expected to experience a 30% annual growth for the first year, a 25% annual growth for the second year, a 20% annual growth for the third year and an 18% annual growth for the fourth yearrespectively. By the end of four years other firms will have developed comparable technology, and Poseidons annual growth rate will slow to 4% per year indefinitely. Stockholders require a return of 10% on the firm's stock. The most recent annual dividendD0, which was paid yesterday, was $2.00 per share.

1. Calculate the expected dividends for 2023 through2028.

2. Calculate the value of the stock today.

3. Assume that the stock is traded at the NASDAQwith a price of $110. Is this stock Overvalued or Undervalued?

4. Calculate the Dividend Yield and the Capital GainsYield respectively.