This year, Midland Light and Gas (MLBG) paid its stockholders an annual dividend of $250 a share. A major brokerage from recently put out a report on ML&G predicting that the company's annual dividends should grow at the rate of S% per year for each of the ned seven years and the level off and grow at the rite of 3% a year thereafter. (Note: Use four decimal place for all numbers in your intermediate calculation 2. Use the variable growth DVM and a required rate of retum of 11.00% to find the maximum price you should be willing to pay for this stock b. Redo the ML8G problem in part a, this time assuming that after year 7. dividende stop growing together for years and beyond, goj Uso all the other information given to find the stock inte value . Contrast your two answers and comment on your findings. How important growth to this valuation model? a. Using the variable-growth DVM and a required rate of return of 11.00%, the maximum price you should be willing to pay for the stock is (Round to the nearest cont