u. General Lenders announced a dividend of $6.50 per share in one year from today. Afterwards, the company expects that their business won't do too well, and will not pay dividends for 5 years. In 7 years from today, they expect to pay an annual dividend of $2.80 in perpetuity. If you know that the required return is 11.7%, estimate the current price of the stock. v. Michelles' Inc. just paid annual dividends of $1.85 per share. At the same time, the company announced that their future dividends will be having a growth of 6%. Assuming a required rate of return of 9%, what is the price one should be willing to pay today for one share of this company's stock? w. Consider a firm in a growing industry that is planning on increasing its annual dividend by 22% a year for the next 6 years. After that, they will decrease the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $2.20 per share. What is the current value of the share of this stock in the case the required return is 6.6%?