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Please answer if you are sure HighTech Company is expected to retain all of its earnings for the next two years but start to pay

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Please answer if you are sure

HighTech Company is expected to retain all of its earnings for the next two years but start to pay dividends 3 years from today. The first dividend is expected to be $3. Assume that the dividends will grow rapidly at a rate of 10% per year during years 4 to 7. For each year after that it grows at a constant rate of 5%. Assume a discount rate of 12% a) What is HighTech's stock price? b) Assume that instead of growing at a 5% constant rate starting from year 8, HighTech Company expects, in year 8, to earn an EPS of $8 and reinvest $4 per share to develop new technology. The new technology will generate a 15% return permanently What is the constant growth starting from year 8? What is the stock price today given this constant growth rate

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