the current market cap of a company with 500,000 shares outstanding is $40mn. The company is expected to grow its dividend by 20% in Year 2 and 25% in year 3. After Year 3, the growth will drop to zero and the forward P/E multiple in year 3 will be 12. since growth is slowing, the company does not plan to retain any earnings from Year 3 and beyond. Note that forward P/E in any year "t" will be the price in year "t" divided by earnings in "t+1". What is the projected dividend in year 1?