3. This firm currently does not pay a dividend. However, the company is expected to pay a $2.00 dividend two years from today. The dividend is then expected to grow at a rate of 30 percent a year for the following three years. After that, it is expected to grow forever at a constant rate of 5 percent. Currently, the risk-free rate is 6 percent, market risk premium is 5 percent, and the stock's beta is 1.4. What should be the price of the stock today? b. oso