TABLE 7.4 Value of Blue Skies Horizon (years) 2 3 10 20 30 50 100 PV (dividends! $268 5.26 7.75 22.87 38.76 4981 62.83 73.02 PV (terminal price) 57232 69.74 6725 52.13 36.24 25:19 12 17 1.99 Value per Share 575 75 75 75 75 15 75 75 Rework Table 74 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $4.50 at the end of the first year. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Horizon (years) 1 PV (Dividends) PV (Terminal Price) Value per Share 2 3 10