ELA, Inc. will pay a $

$0$

$.$

$6$

$0$

$$dividend today. The dividend is expected to triple in the first year and

then double in the second year. After that the dividend will grow at a constant annual rate of

$5$

$\%$

$.$

ELA

$$

s capitalization rate is

$1$

$1$

$.$

$0$

$\%$

$.$

$6$

$$pts

a

$.$

$$What is ELA

$$

s intrinsic value today?

b

$.$

$$What do you expect will be ELA

$$

s stock price three years from today? $

$6$

$6$

$.$

$1$

$5$

I just need the work for part b

$.$

$$I know the answer is

$6$

$6$

$.$

$1$

$5$ Dont use ai can someone please just actually answer it