please answer question 4 only and show the workings.

3. Let's use the shortcut formula called the Gordon Constant Growth model to calculate the value of Stock A from above. The company just paid a dividend of $3.00 and analyst expect these dividends to grow by a rate of 4% per year indefinitely. Further, assume the return required by prospective investors is 12%. According to the Gordon Model, what is the price of this firm's common stock? (Present value of all those future dividends) Value=kgD0(1+g)=kgD1= 4. Okay, what about the rental property? Assume you have a required rate of return on 12% for duplex investments. Value=kgD0(1+g)=kgD1= Below is an example for a rental property where we expect to be able to raise rates by some constant percent each year. 2. Calculate the future cash flows for a rental duplex that is expected to generate $12,000 in cash flow next year and we expect we can increase rental rates each year by 3% for the property