Rework Table 4.1 under the assumption that the dividend on Fledgling Electronics is $10 next year and that it is expected to grow by 5 percent a year. The capitalization rate is 15percent.

Expected Future Vakues Present Values Horizon Cumulative Dividends Future Price Period (H) Dividend (DIV,) Price (P) Total 100 110 121 133.10 146.41 100 100 100 100 100 5.00 5.50 6.05 6.66 4.35 8.51 12.48 16.29 95.65 91.49 87.52 83.71 11.79 30.58 259.37 672.75 11,739.09 1,378,061.23 10 20 50 35.89 58.89 89.17 98.83 64.11 100 100 100 100 41.11 533.59 10.83 100 62,639.15 1.17 88888 8888 O12 34