Mattel, Inc. is expected to pay a $$1\mathrm{.}48$ dividend per share annually. Estimate its intrinsic value per common share using the dividend discount model $($DDM$)$ under each of the following separate assumptions.

$($Assume that Mattel$$s cost of equity capital is $8\mathrm{.}0\%.)$

Required

a$.$ The $$1\mathrm{.}48$ dividend per share occurs at the end of each of the next three years, after which there are no additional dividend payments.

Round answer to two decimal places.

$Answer

b$.$ The $$1\mathrm{.}48$ dividend per share occurs at the end of each year in perpetuity.

Round answers to two decimal places, if applicable.

$Answer

c$.$ The $$1\mathrm{.}48$ dividend per share occurs at the end of each of the next three years, after which the dividends increase at a rate of $4\%$ per year.

Round answers to two decimal places.