IE. . . Normal No Spa Heading 1 Heading 2 Title Sulittle Sutitle Em.. Emphasis intense. Strong Dictate Clipboard G Select ating Sun King Brewery (SKB) is planning to pay its first dividend of $2.40/share one year from now. Then, for the following five years, the dividend is projected to increase by 10% /year; thereafter, it will grow at a constant rate of 3% forever. If the required rate of return (discount rate) on SKB's stock is 15% , (a) what should be the price of the stock today? (4 pts.) and (b) calculate what SKB's stock price should be eight years from now, instantaneously after Div8 is paid. (1.5 pts.) rve ST words 73c336de045=CascDel WarnMessage%3D1-ShowinGrid 3D Truewinplviewiashed945b4-384car 465a3a3cobedect-Showinn IE. . . Normal No Spa Heading 1 Heading 2 Title Sulittle Sutitle Em.. Emphasis intense. Strong Dictate Clipboard G Select ating Sun King Brewery (SKB) is planning to pay its first dividend of $2.40/share one year from now. Then, for the following five years, the dividend is projected to increase by 10% /year; thereafter, it will grow at a constant rate of 3% forever. If the required rate of return (discount rate) on SKB's stock is 15% , (a) what should be the price of the stock today? (4 pts.) and (b) calculate what SKB's stock price should be eight years from now, instantaneously after Div8 is paid. (1.5 pts.) rve ST words 73c336de045=CascDel WarnMessage%3D1-ShowinGrid 3D Truewinplviewiashed945b4-384car 465a3a3cobedect-Showinn