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Problem 7-29 Nonconstant Growth (LO2) Tattetale News Corp has been growing at a rate of 10% per year, and you expect this growth rate in

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Problem 7-29 Nonconstant Growth (LO2) Tattetale News Corp has been growing at a rate of 10% per year, and you expect this growth rate in earnings and dividends to continue for anothet 3 years a. If the last dividend paid was $5, what will the next dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. If the discount rate is 23% and the seady growth rale after 3 years is 2%, what should the stock price be today? (Do not round intermediate calculations. Round your anewer to 2 decimal places.)

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