XYZ Inc is expected to pay the following dividends per share: $3.6 in one year, $4.5 in two years, $6 in three years and $8 in four years. The dividend is then expected to grow at 8% per year in perpetuity. The cost of capital for XYZ stock is 20%. e. Draw the timeline, showing the dividends at t=1,2,3,4,5,6 and 7 . a. What is the stock price? b. Suppose you buy the stock today, at the price calculated in part a, and you plan to sell it next year, immediately after receiving the dividend. i. At what price do you expect to sell your share next year? ii. What is your expected dividend yield? What is your expected capital gain rate? What is your expected holding period return (HPR)? c. Suppose you buy the stock today, at the price calculated in part a, and you plan to sell it next year, immediately before the year 1 dividend is paid. i. At what price do you expect to sell your share next year in this case? ii. What is your expected holding period return (HPR)