QUESTION 3 Macro Systems just paid an annual dividend of 50.42 per share. Its dividend is expected to double each year for the next three years (Dy through D3), after which it will grow at a more modest pace of 1% per year If the required return is 5%, what is the current price? QUESTION 4 Analysts are projecting that Vista Inc. will have earnings per share of $23. If the average industry ratio is about 29, what is the current price of Vista