1) Agilent Technologies does not currently pay a dividend. However, their earnings have been growing at a very high rate. Thus, they are expected to begin paying a dividend, starting 5 years from today. Expectations are that the first dividend will be $0.50 per share. The dividend is expected to grow at 35% per year for 7 years, and at the end of that super-normal growth period, the stock will enter a slower growth perpetuity phase of 8% per year. The required return on Agilent stock is 12%. What should be their current stock price