Suppose that a firm's recent earnings per share and dividend per share are $$3\mathrm{.}10$ and $$2\mathrm{.}10,$ respectively. Both are expected to grow

$7$ percent. However, the firm's current P$/$E ratio of $30$ seems high for this growth rate. The P$/$E ratio is expected to fall to $26$ within five

years.

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

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

what is the present value of these cash flows using the $9\%$ discount rate