Miles Hardware has an annual cash dividend policy that raises the dividend each year by 3%. Last year's dividend, Divo. was $1.00 per share. Investors want a return of 15% on this stock. What is the stock's price if a. the compiny will be in business for 5 years and not have a liquidating dividend? b. the company will be in business for 15 years and not have a llquidating dividend? c. the company will be in business for 25 years and not have a liquidating dividend? d. the company will be in business for 35 years and not have a liquidating dividend? e. the company will be in business for 75 years and not have a liquidating dividend? 1. the company will be in business forever? a. What is the price of this stock if the company will be in business for 5 years and not have a lquidating dividend? ; (Round to the nearest cent.)