l(a) Lab Series is expected to pay the following dividends over the next 3 years: $2 in first year, $4, in the second year, $6 in the third year. Afterward, the company pledges to maintain a constant 6% growth in dividends forever. If the return on the stock is 12%, what is the current share price?hint: Nonconstant growth 1(b) Lab Series is growing quickly. Dividends are expected to grow at 25% per year during the next 4 years, with the growth rate falling off to a constant 6% thereafter. If the required return is 10% and the company just paid a $1.80 dividend, what is the current share price? Hint: Two stage growth 1(c) A $100 par value preferred stock with 10% dividend rate paid semiannually and a 10 year life. Stockholders require a 8% rate of return. Find the intrinsic value of the preferred stock today