it your planned holding period were 2 years or 5 years rather than 3 years, would this affect the value of the stock today, Po? Explain your answer. 8-22 Reizenstein Technologies (RT) has just developed a solar panel capable of generating 2009 Nonconstant Growth more electricity than any solar panel currently on the market. As a result, RT is expected to Stock Valuation experience a 15% annual growth rate for the next 5 years. By the end of 5 years, other tims will have developed comparable technology, and RT's growth rate will slow to 5% per year indefinitely. Shareholders require a return of 12% on RT's stock. The most recent annual dividend, which was paid yesterday, was $1.75 per share. a. Calculate RT's expected dividends for t = 1,t = 2, t = 3, t = 4, and t = 5. b. Calculate the estimated intrinsic value of the stock today. Po C Calculate the expected dividend yield ( D P ), the capital gains yield expected during the first year, and the expected total return (dividend yield plus capital gains yield) during the first year. (Assume that Po = P, and recognize that the capital gains yield is equal to the total return minus the dividend yield.) Also calculate these same three Vields for t = 5 (e.g., D P :). 1 omy Consulting Corporation (CCC has been growing at a rate of 30% per year in recent