Weller Inc. is an electronics manufacturer who has just introduced a brand new wearable device that is expected to become the industry standard. Weller is listed on the TSX and its share price is very responsive to the market with a beta of 1.76. Weller just issued a dividend of $0.76 per share but due to the success of its new product, dividends are expected to increase by 10% a year for the next four years (until t=4 ). After four years, Weller's dividend is expected to continue to increase by 4% each year forever. The risk-free rate is 5% and the expected return on the market is 9%. a. What return should an investor require on Weller's stock? (3 points) b. What is Weller's stock worth today? (10 points) c. If Weller's dividend growth rate is actually 5% after four years, would you expect its share price to be higher or lower than the answer you found in part b? Why? Answer with words not calculations. ( 2 points)