Rework Table 7.4 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $6.90 at the end of the first year. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Horizon(years)	PV (Dividends)	PV (Terminal Price)	Value per Share
1
2
3
10