Martin Office Supplies paid a $$5$ dividend last year. The dividend is expected to grow at a constant rate of $8$ percent over the next four years. The required rate of return is $22$ percent $($this will also serve as the discount rate in this problem$).$

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

$\backslash$table$[[$D$1,$Anticipated Value$],[$$$,11\mathrm{.}44],[$D$2,$$$,11\mathrm{.}90],[$D$3,$$$,12\mathrm{.}38],[4,$$$,12\mathrm{.}88]]$

b$.$ Calculate the present value of each of the anticipated dividends at a discount rate of $22$ percent. $($Do not round intermediate calculations. Round your final answers to $2$ decimal places.$)$

$\backslash$table$[[,$PV of Dividends$],[$D$1,],[$D$2,],[$D$3,],[$D$4,],[$Total$,$$