Martin Office Supplies paid a $$2$ dividend last year. The dividend is expected to grow at a constant rate of $5$ percent over the next four years. The required rate of return is $15$ percent $($this will also serve as the discount rate in this problem$).$ Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

a$.$ Compute the anticipated value of the dividends for the next four years. Note: Do not round intermediate calculations. Round your final answers to $2$ decimal places.

$\backslash$table$[[,$Anticipated Value$],[$D$1,],[$D$2,],[$D$3,],[$D$4,]]$

b$.$ Calculate the present value of each of the anticipated dividends at a discount rate of $15$ percent. Note: Do not round intermediate calculations. Round your final answers to $2$ decimal places.

$\backslash$table$[[,$PV of Dividends$],[$D$1,7],[$D$2,],[$D$3,],[$D$4,],[$Total$,$$$,0\mathrm{.}0$