(a) You are evaluating three potential stocks to be included into your portfolio by using dividend discount model. All the stocks are paying exactly the same level of annual dividend of RM 3.50 a share. However, due to the difference in issuing firm's age since incorporation in Malaysia stock market, each stock has different future annual growth rate which have been estimated as follows: Stock Growth characteristic Stock A Zero growth rate Stock B g= 7% per year (for the foreseeable future) Stock C g=4% per year (for the first 4 years) g= 6% per year (year 5 and beyond) Assuming that your required rate of return is 10% per year, determine the intrinsic value for each stock today. (15 marks)