Requirement 1 (15 points) Tesla Inc. just paid an annual dividend of $5.50 per share. The company will increase its dividend by 30% percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 15 percent dividend growth, after which the company will keep a constant growth rate forever. What is the price of this stock today given a required return of 20 percent? 1. What is the terminal value? (5 points) 2. What is the value of the stock? (10 points)