only question number 3 on the first screenshot.

LO1 1. w LO1 2. Stock Values Fowler, Inc., just paid a dividend of $2.55 per share on its stock. The dividends are expected to grow at a constant rate of 3.9 percent per year, indefinitely. If investors require a return of 10.4 percent on this stock, what is the current price? What will the price be in 3 years? In 15 years? Stock Values The next dividend payment by Hoffman, Inc., will be $2.65 per share. The dividends are anticipated to maintain a growth rate of 4.5 percent forever. If the Page 231 stock currently sells for $43.15 per share, what is the required return? Stock Values For the company in the previous problem, what is the dividend yield? What is the expected capital gains yield? LO1 3. LO1 23. Stock Valuation According to the 2018 Value Line Investment Survey, the growth rate in dividends for Ralph Lauren for the next five years will be .5 percent. If investors feel this growth rate will continue, what is the required return for the company's stock? 11:57 a Aas Chapter Case Stock Valuation at Ragan, Inc. Ragan, Inc., was founded nine years ago by brother and sister Carrington and Genevieve Ragan. The company manufactures and installs commercial heating, ventilation, and cooling (HVAC) units. Ragan, Inc., has experienced rapid growth because of a proprietary technology that increases the energy efficiency of its units. The company is equally owned by Carrington and Genevieve. The original partnership agreement between the siblings gave each 50,000 shares of stock. In the event either wished to sell stock, the shares first had to be offered to the other at a discounted price. Although neither sibling wants to sell, they have decided they should value their holdings in the company. To get started, they have gathered the following information about their main competitors: Ragan, Inc. - Competitors main competitors: Ragan, Inc. - Competitors Stock EPS Div. Price ROER Arctic Cooling. Inc. $1.30 $.16 $25.34 8.50% 10.00% National Heating Cooling 1.95 23 29.85 10.50 13.00 Expert HVAC Corp. -.37 .14 22.13 9.78 12.00 Industry average $.96 $.18 $25.77 9.59% 11.67 Expert HVAC Corporation's negative earnings per share were the result of an accounting write-off last year. Without the write-off, earnings per share for the company would have been $1.10. Last year, Ragan, Inc., had an EPS of $3.15 and paid a dividend to Carrington and Genevieve of $45,000 each. The company also had a return