Problem 1& 3. Show all work such as formulas. If it can be use in excel, then show excel formulas.

(DDM) Bogey, Inc. has recently paid an annual cash dividend of $1.50 and plans to continue to grow its vidend payouts at a rate of 2% per year Bogey, Inc. has a cost of equity of 11% What of Bogey's common stock? DDM) Fortune, Inc has recently paid an annual cash dividend of $1.49 and plans to continue to grow its dividend payouts at a rate of 5% per year. Bogey, Inc. has a cost of equity of 10.5%. What is the intrinsic value of Fortune's common stock? (DDM) Fedder, Inc, a local mining company, has recently paid an annual cash dividend of$1.50 but plans to continue to grow its dividend payouts at a decreasing rate of S5%peryear. Fedder,Inc. has a cost of equity of 15%. What is the intrinsic value of Fedder's common stock