Suppose that a firm's recent earnings per share and dividend per share are $2.50 and $1.30, respectively. Both are expected to grow at 8 percent. However , the firm's current P/E ratio of 22 seems high for this growth rate. The P/E ratio is expected to fall to 18 within five years.

Compute the dividends over the next five years. (Do not round intermediate calculations. Round your answers to 3 decimal places.)

Dividends

First year ??

Second year ??

Third year??

Forth year ??

Fifth year ??

Compute the value of this stock in five years. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Stock Price ??