A fast growing firm recently paid a dividend of $$0\mathrm{.}40$ per share. The dividend is expected expected to

increase ata $25$ percent rate for the next four years. Afterwards, a more stable $11$ percent

growth rate can be assumed. If a $12\mathrm{.}5$ percent discount rate is appropriate for this stock,

calculate the following:

i$)$ What are the values of dividends for the next four years?

ii$)$What are the present values of dividends for the next four years?