Q5 Four years ago, White-Water Enterprise paid a dividend of $1.65 per share. The company paid a dividend of $2.10 per share yesterday. Dividends will grow over the next five years at the same rate they grew over the last four years. Thereafter, dividends will grow at 5% per year. a) What will be the company's dividend in 7 years? b) What will be the company's stock price today, if the required return is 15%