Lee Corp. is expected to experience a transitory growth period for three years. During this

$3-$year period, its dividends will grow at annual rates of $50\%,25\%$ and $0\%,$ respectively.

Afterwards, its dividends will decline at an annual rate of $5\%$ indefinitely due to the intense

competition. The discount rate is $12\%,$ and the current dividend per share is $$2\mathrm{.}00.$

$($i$)$ Calculate the intrinsic value of Lee Corp.$\text{'}$s stock today. $$$$23\mathrm{.}26>$

$($ii$)$ Calculate the dividend yield and the income component of Lee Corp.$\text{'}$s stock at the

end of the transitory growth period, assume the stock is fairly valued then.