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Last year. Tera-link Industries (Tl) paid a dividend of $1.72. The company has just released a forecast that includes an increase to the dividend of

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Last year. Tera-link Industries (Tl) paid a dividend of $1.72. The company has just released a forecast that includes an increase to the dividend of 2.91% this year, 3.39% next year, 3.83% the year after and then an indefinite increase of 4.21% annually. If the required risk adjusted rate of return for the investment is 8.10% and the shares are currently trading at $44.78 - would you issue a BUY or SELL recommendation? Time (N) FV PV Recommendation? BUY or SELL

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