Question: please correct solution 5. Food Inc.just announced it is increasing its annual dividend to 45.0 next year and establishing a policy whereby the dividend will

please correct solution please correct solution 5. Food Inc.just announced it is increasing its annual

5. Food Inc.just announced it is increasing its annual dividend to 45.0 next year and establishing a policy whereby the dividend will increase by 2 percent annually thereafter. Assuming the required rate of retum is 7.00 percent. (1) What will the stock price per share be fiveyears from now? (2) What will the stock price per share be eight years from now? (3) What will the stock price per share be tenyears from now

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