Stock Valuation (25 points) Titan Financial currently pays a dividend of $3.00. Titan's CFO forwards 3 plans to grow dividends, plans 1-3. Titan's CEO adds plan 4: Determine Titan's expected stock price under each plan below, assuming the required return is 16%: Label your answers for each plan using (1,2,3,4) 1. Plan 1: They intend to keep dividends constant forever 2. Plan 2: They intend to grow the $3.00 dividend at 6% per year forever. 3. Plan 3: They intend to grow dividends at 33%, then 25%, then 6% forever 4. Plan 4: They cut dividends by 33%, then cut them by 50%, then grow them at 8% forever.

Stock Valuation (25 points) Titan financlal currently pays a dividend of $3.00 ritan's CFO forwards 3 plans to grow dividends. plans 13 Titan's CEO adds plan 4: Determine Titan's expected stock price under each plan below, assuming the required return is 16% : Label your answers for each ralan using.(1.2.3.4) 1. Plan 1: They intend to keep dividends constant forever 2. Plan 2: They intend to grow the $3.00 dividend at 6% per year forever. 3. Plan 3: They intend to grow dividends at 33%, then 25%, then 6% forever 4. Plan 4: They cut dividends by 33%, then cut them by 50%, then grow them at 8% forever