1. Reinzenstein Technologies (RT) has just developed a solar panel capable of generating 200% more electricity than any solar panel currently in the market. As a result, RT is expected to experience a 15% annual growth rate for the next 5 years. By the end of the 5 years, other firms will have developed comparable technology, and RTs growth rate will slow down to 5% per year indefinitely. Stockholders require a rate of return of 12% on RTs stock. The most recent annual dividend (D₀), which was paid yesterday, was $75 per share.

1. Calculate RTs expected dividend for t=1, t=2, t=3, t=4, and t=5.
2. Calculate the intrinsic value of the stock today.
3. Calculate the expected dividend yield (D₁/P₀), the capital gains yield expected during the first year, and the expected total return during the first year.