Sureshot Golf Clubs Manufacturing Ltd. is experiencing a period of growth, largely due to the development of the "Big Bobby" driver.Earnings and dividends are expected to grow at a rate of 12% during the next two years, 9% in the third year and at a constant rate of 3% thereafter.The last dividend was $0.45, and the required rate of return on the shares is 11%.

Required: (Note: carry all decimal places.Round final answers to 2 decimal places for $ amounts and 4 decimal places for % amounts)

a) Calculate the price of a share today.(Timeline required.)

b) What is the share price (estimated) at the end of the first year?

c) Calculate the dividend yield, capital gains yield, and the total return for Year 1.