value: 10.00 points Suppose that a firm's recent earnings per share and dividend per share are $2.60 and $1.50, respectively. Both are expected to grow at 12 percent. However, the firm's current P/E ratio of 16 seems high for this growth rate. The P/E ratio is expected to fall to 12 within five years. Compute the dividends over the next five years. (Do not round intermediate calculations and round your final answers to 3 decimal places.) Years A A Dividends First year Second year Third year Fourth year Fifth year A A A Compute the value of this stock price in five years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Stock price Calculate the present value of these cash flows using a 14 percent discount rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value