tout during the sum Question 20 Sots 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 "11". What is the projected dividend in Year 1? 53 Minus For partial credit, explain your thought process even if you don't get to the final answer) Edit View Insert Format Tools Table -2pt & Paragraph B I U e v