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Tiger Transport has just developed a new process that will increase efficiency by 50%. TT is expecting to pay high dividends of 6.75 and 7.50

Tiger Transport has just developed a new process that will increase efficiency by 50%. TT is expecting to pay high dividends of 6.75 and 7.50 in the next two years. After that, the expectation is that competitors will also discover the new process and dividends will level off at 5%. The rate expected in the marketplace for investments similar to Tiger is 6.5%.

What is a share of Tiger Transport worth today? _______

What will a share of Tiger Transport be worth in two years?

What will a share of Tiger Transport be worth in three years?

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