(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

21. Assume that it is now January 1, 2020. Wayne-Madison Electric Inc, (WME) has developed a solar panel capable of generating 200% more electricity than any other solar panel currently on the market. As a result, WME is expected to experience a 15% annual growth rate for the next 5 years. Other firms will have developed comparable technology by the end of 5 years, and WMEs growth rate will slow to 5% per year indefinitely. Stockholders require a return of 12% on WMEs stock. The most recent annual dividend (Do), which was paid yesterday, was $1.75 per share. a. Calculate the expected dividends for 2020-2024. b. Calculate the value of the stock today, Po. c. Calculate the expected dividend yield, capital gains yield, ad total return expected for 2020. Calculate the same three yields for 2025. d. D to f think about