Suppose that a firm's recent earnings per share and dividend per share are $3.20 and $2.20, respectively. Both are expected to grow at 8 percent. However, the firm's current P/E ratio of 31 seems high for this growth rate. The P/E ratio is expected to fall to 27 within five years.

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

Suppose that a rm's recent earnings per share and dividend per share are $3.3] and $2.20, respectively. Both are expected to grow at 8 percent. However, the nn's current PIE ratio of 31 seems high for this growth rate. The PIE ratio is expected to fall to 2? 1.vithin ve years. Compute the dividends over the next ve years. [Do not round intermediate calculations and round your nal answers to 3 decimal places] Dividends 1tears First ye a r Second year Third year Fourlh year Filth year HHH Compute the value of this stock in ve years. (Do not round intermediate calculations and round your nal answer to 2 decimal places.] swam-u.- $: Calculate the price of this stock today, including all six cash ows at discount rate of 10 percent. [Do not round intermediate calculations and round your nal answer to 2 decimal places.) Present value $ :|