The Dubai Ice Park LLC has been witnessing good sales in the last few quarters of its operations. The firm's upper management seriously believes that shareholders should be rewarded. As a result, the firm is expected to increase dividends by 3% in one year and by another 12% in two years, and by another 20% in three years. After that, dividends will increase at a rate of 6% per year indefinitely.

(a) If the last dividend paid was $50 and the required return is 25%, how much IMG would be worth today using the Dividend Discount Model?

(b) Evaluate the impact on the firm's value if the management decided to change the dividend growth rate in year 4 to 10% indefinitely.

(c) Recommend 2 alternative financial tools which a shareholder might use when deciding whether or not to buy a stock.