The following is information on Ton Inc.'s income statement and comparable companies. -The company has just paid dividends this year, and its dividend payout ratio is 60% of net income -The company has 150,000 shares outstanding. We assume that the number of shares outstanding does not change over time - The dividend per share is expected to increase by 6.0% next year, 4.0% the year after, and then increase at a constant rate of 3.0% forever Investors require an annual return of 12.0% on the stock -The current year income statement for Ton Inc. is below -The financial information of Comparable companies (Comp1, Comp2, Comp3, and Comp4) is also provided below Answer the three questions below. 1) What is Ton's stock price per share at the beginning of next year using the discounted dividend model? (5 points) SHOW YOUR WORK BELOW TO GET CREDIT