Snapchat, Inc. (SNAP), is growing rapidly and you need to estimate the value of its common stock. Dividends are expected to grow at a rate of 15 percent for the next three years, 10 percent over the following two years, and then 6 percent per year indefinitely. Required return is 16 percent, and the company just paid a dividend of $1.50. Questions: 1. What is the estimated terminal value? (15 point) 2. What is the estimated current share price of SNAP? (15 point) 3. Construct a one-way data table to show the estimated current share price of SNAP at different steady stage growth rates? (10 point)