Conroy Consulting Corporation $($CCC$)$ has a current dividend of D$0=$ $$2\mathrm{.}50.$ Shareholders require a $12\%$ rate of return. Although the dividend has been growing at a rate of $31\%$ per year in recent years, this growth rate is expected to last only for another $2$ years $($g$0,1=$ g$1,2=31\%).$ After Year $2,$ the growth rate will stabilize at gL $=5\%.$Problem $8-24($Nonconstant Dividend Growth Valuation$)$

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Nonconstant Dividend Growth Valuation

expected to last only for another $2$ years $(g_{0,1}=g_{1,2}=31\%).$ After Year $2,$ the growth rate will stabilize at $g_L=5\%.$

a$.$ What is CCC$\text{'}$s stock worth today? Do not round intermediate calculations. Round your answer to the nearest cent.

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b$.$ What is the expected stock price at Year $1?$ Do not round intermediate calculations. Round your answer to the nearest cent.

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c$.$ What is the Year $1$ expected $(1)$ dividend yield, $(2)$ capital gains yield, and $(3)$ total return? Do not round intermediate calculations. Round your answers to two decimal places.

Dividend yield: $,\%$

Capital gains yield: $\%$

Total return: $\%$