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please tell correct answer done Jack Hammer invests in a stock that will pay dividends of $3.04 at the end of the first year; $3.38
please tell correct answer done Jack Hammer invests in a stock that will pay dividends of $3.04 at the end of the first year; $3.38 at the end of the second year; and $3.72 at the end of the third year. Also at the end of the third year he believes he will be able to sell the stock for $54. What is the present value of these future benefits if a discount rate of 11 percent is applied? Use ARpendix 8 . (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answers to 2 decimal places.) WmFv=F[(1+1]W(t+
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