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Suppose the dividend growth rates of Supernatural Co. are 20% for Year 0 to Year 1, 15% for Year 1 to Year 2, 10% for

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Suppose the dividend growth rates of Supernatural Co. are 20\% for Year 0 to Year 1, 15\% for Year 1 to Year 2, 10\% for Year 2 to Year 3, and then long-run constant growth rate is 5%. The firm just paid a $2 dividend. The required return is 10%. 1. Find the dividends for the first three years: 2. Find the terminal value at Year 3 using constant growth model 3. Discount all cash flows and sum them up

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