Rework Table under the assumption that the dividend on Fledgling Electronics is $10 next year and that it is expected to grow by 5% a year. The capitalization rate is15%.

Expected Future Values Present Values Cumulative Dividends Price (P) Total 100 100 100 100 100 100 100 100 100 Horizon Period (H) Dividend (DIV) Future Price 5.00 5.50 6.05 6.66 11.79 30.58 533.59 62,639.15 100 110 121 133.10 146.41 259.37 672.75 435 8.51 12.48 16.29 35.89 58.89 89.17 98.83 95.65 91.49 87.52 83.71 64.11 41.11 10.83 1.17 10 20 50 100 11,739.09 1.378,061.23