QUESTION 4 Your firm will upgrade its production capacity over the course of the next several years, which will affect its ability to pay common share dividends. Specifically, your company will pay a dividend every other year for the next six years, Your firm plans to pay a dividend of $5 two years from today The dividend in year four is expected to be 5% greater than the dividend paid in year two. The dividend in year six is expected to be 25% greater than the dividend paid in year four. Dividends are expected to grow at a constant 6% rate thereafter. Find the value of the stock today if investors require a 20% rate of return. Round intermediate steps to four decimals. Round your final answer to two decimals. Do not use the dollar sign when entering your response. QUESTION 5 Ownership in a common stock represents a residual claim on a company's earnings after tax. True False