1. Your analysis of Yoyodyne Inc. suggests that for the next 4 years, the company will experience an above average dividend growth rate of 4.0%. After that time, the dividend growth rate will fall to its historical average level of 3.2% and remain there indefinitely. If the company just paid a dividend of $2.90 and you require a return of 12.4%, what should current stock price be if it follows the constant growth dividend model?

   		$15.22
   		$25.72
   		$43.46
   		$19.78
   		$33.43

Please show all calculations and what to put into calculator !