QUESTION 2 Stock Investment (A) (15 points) Cardiol Technologies just completed an IPO (Initial Public Offering) this month. You expect that it will take about four years for the company to become profitable and that it will pay its first cash dividend of 25 cents per share exactly five years from today. You expect the annual cash dividends will increase by ten cents per share in year 5 and again in year 7 before growing at a constant annual rate of 3% ad infinitum. Required: What would you pay for 100 shares today if you required a rate of return of 18% per annum? (Show your work)