Question No 08 (05 Marks) (a) SUMIT POWER is recovering from several years of losses, during which its dividend was cut to Tk 1.50 per year. The now-profitable company is expected to increase dividends by Tk 0.50 per year for four years. Thereafter dividends are not expected to grow or decline. (b) DORREN POWER is expected to pay a dividend of Tk 4.40 per share forever - no growth or decline. (c) SAIF POWER will pay a dividend of Tk 2.40 next year. Dividends are expected to grow at 5% per year forever. The cost of equity is 10.5%. How much is each stock worth today (ex-dividend)