Ted McKay has just bought the common stock of Pharoah Corp. Management of Pharoah expects the company expects to grow at the following rates for the next three years 40 percent, 35 percent, and 25 percent. Last year the company paid a dividend of $2.10 Assume a required rate of return of 11 percent (1) la2) (a31 Compute the expected dividend for the third year. (Round answer to 2 decimal places. e. 15.25 D 5