Turbo Technology Computers is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of $15\%$ during the next two years, at $13\%$ in the third year, and at a constant rate of $6\%$ thereafter. Turbo's last dividend was $$1\mathrm{.}15,$ and the required rate of return on the stock is $12\%.$

Complete the following calculations:

Calculate the value of the stock today.

Calculate P$1^$ and P$2^.$

Calculate the dividend yield and capital gains yield for Years $1,2,$ and $3\mathrm{.}1$a$.$ Calculate the value of the stock today:

Calculate the PV of the dividends paid during the supernatural growth period:

Find the PV of Turbo's stock price at the end of Year $3$:

Sum the two components to find the value of the stock today:

$1$b$.$ Calculate $P_1^{{?}^{?}}$ and $P_2^{{?}^{?}}.$

$1$c$.$ Calculate the dividend yields and capital gains yield for Years $1,2,$ and $3.$