Question: Please show me your steps. Thanks! 9a. Rocket Corp. is a rapidly growing company that is expected to grow earnings very rapidly at a 40%

Please show me your steps. Thanks!

9a. Rocket Corp. is a rapidly growing company that is expected to grow earnings very rapidly at a 40% rate for three years. It is expected to begin paying a $3.50 per share dividend at the end of the fourth year, at which point the dividend is expected to grow at a rate of 5% perpetually. The company has an expected rate of return on its stock of 15% per year. What is a fair price of Rocket Corp.'s stock today? (2 points) 9b. (This is a continuation of the previous question.) What is the company's stock price expected to be in 2 years? (1 point)

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