Q3 A. (20 Marks) a) What are the relevant cash flows for valuing a share of common stock? Does the value of stock depend on how long you expect to keep it? (10 Marks) b) Orange Inc. is increasing next year's dividend to $5.00 per share. The forecast stock price next year is $105. Equally risky stocks of other companies offer expected rates of return of 10%. What would Orange Inc. common stock sell for? (10 marks)