Question: Cullumber Corp. is a fast-growing company whose management expects it to grow at a rate of 29 percent over the next two years and then

Cullumber Corp. is a fast-growing company whose management expects it to grow at a rate of 29 percent over the next two years and then to slow to a growth rate of 18 percent for the following three years. If the last dividend paid by the company was $2.15.

(a1)

What is the dividend for the 1st year? (Round answer to 3 decimal places, e.g. 15.250.)

What is the dividend for the 2nd year

What is the dividend for the 3rd year

What is the dividend for the 4th year

What is the dividend for the 5th year

Compute present value of these dividends if the required rate of return is 14 percent

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