Question 3 (10 marks) Orchard Lakes Ltd shares are currently selling for $44 and are expected to pay a dividend of $4.75 in one year. Investors require a return of 15% on Orchard Lakes shares. a. What perpetual growth rate has the market priced in to Orchard Lakes shares? (4 marks) b. Based on the growth rate computed in (a), what do you expect Orchard Lakes shares to sell for in 4 years? (2 marks) NE