Question 5 (15 Points) Ewald Company just paid a dividend of 50 68 Dividends have hoping t are expected to continue growing it that rate is the future Ifes require a 14 percent of return on similar investments, determine the value of the company's (i) Phillips Industries common stock is camly selling for 150 and is expected to pay a dividend of $3.00 at the end of the your Determine the growth rate for Philips Industries dividends assuming that investors' required rate of so (ii) An Allied Northem preferred stock pays a $3.84 anmaal dividend. What is the value of the stock to an investor who requires a 9.5 percent return