Question 3. Assume you face a choice wheather to buy a stock that offers dividends growing 5% the first year, 4% the second year, 3.8% during the third year, 3.5% during the fourth year, 3% during the year 5, and then grow at a constant rate of 2.5% in perpetuity. If your required rate of return is 5%, the current dividend amount is $40, what is the stock value today? (3 points total) Use two methods to calculate the value a) sum of discounted payments (2 points) and b) NPV formula (1 point)