Problem 9-18

1.)Nonconstant growth stock valuation Taussig Technologies Corporation (TTC) has been growing at a rate of 16% per year in recent years. This same growth rate is expected to last for another 2 years, then decline to gn = 8%. If D0 = $1.30 and rs = 12.00%, what is TTC's stock worth today? Round your answer to the nearest cent. Do not round your intermediate calculations.

2.) What is its expected dividend yield at this time, that is, during Year 1? Round your answer to two decimal places. Do not round your intermediate calculations. % What is its capital gains yields at this time, that is, during Year 1? Round your answer to two decimal places. Do not round your intermediate calculations.