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Please answer each part of this questionthanks for your help A stock currently pays a dividend of $1 this year. Expected dividend growth is 10%(g1)

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A stock currently pays a dividend of \$1 this year. Expected dividend growth is 10%(g1) for the next five years and 4%(g2) thereafter for an indefinite amount of time. Assume that the appropriate required rate of return is 9%. a. Draw a timeline showing the two-stage cash flows of the stock above. (5 marks) b. What is the present value of the dividends growing at the constant rate g2 of 4% per year forever? (10 marks) c. What is the value today of a share of this stock? (10 marks) (Show ALL workings)

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