Problem 9-1 DPS calculation

Warr Corporation just paid a dividend of $2.25 a share (that is, D₀ = $2.25). The dividend is expected to grow 11% a year for the next 3 years and then at 5% a year thereafter. What is the expected dividend per share for each of the next 5 years? Round your answers to two decimal places.

D₁ = $ D₂ = $ D₃ = $ D₄ = $ D₅ = $

ANSWER FULLY AND EXPLAIN