Question 1 (10 points) Cable Co. lust paid a dlvidend of 52.5 per share. The company win increase its dividend by 16% for the next year, by 13% in the 2 nd year, and by 9x in the 3rd year, after which the growth rate will go down to 3% farever. The expected return on Cable's stock is 9%. a. What is Cable's current stock price? b. What do you expect Cable's stock price to be 8 years from now, if the expected return does not change