Question 8) company IX just paid $1 dividend per share. It is considering two potential plans for the future: Plan (i) Maintain the $1 dividend for the next 5 years (year 1 to year 5). Starting from six years from today (year 6), the dividends will grow at an average rate of 6% per year. Investors' required rate of return over the first five years will be 12%, and subsequently will be a constant 10%. (a) What would be the share price today if the company implemented plan (1) (between 10 and 35) Q8-b) Plan(ii) Grow that dividend at 20% per year for the following eight years (year 1 to year 8). Starting in the ninth year, slow dividend growth down to an average of 2% per year and keep this growth rate forever. Investors' required rate of return over the first eight years will be 15%, and subsequently will be a constant 8%. What would be the share price today if the company implemented plan (it)? (between 20 and 35)