White Corporation has just paid an annual dividend of 2 dollars per share. It is expected that the dividend will grow at 10 percent per year in the next four years. Thereafter, the growth rate will remain constant at 5 percent indefinitely. The appropriate discount rate is 16 percent.

(a): What will be the share worth in four years (i.e., at the end of year four)?

(b): What is the current share value for White Corporation?