Problem 5 Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3%% per year. The firm always pays out 30% of net income as dividends and has 2 million shares of common stock outstanding. The required return is 13%. Part 1 1 8 P Attempt 1/2 for 10 pts. What is the value of the stock? 1+ decimals SubmitProblem 6 H H Intro Forever 21 is expected to pay an annual dividend of $3.94 per share in one year, which is then expected to grow by 4% per year. The required rate of return is 14%%. Part 1 1 8 P Attempt 1/2 for 10 pts. What is the current stock price? 1+ decimals Submit Part 2 1 8 P Attempt 1/2 for 10 pts. What is the current stock price if the annual dividend of $3.94 has just been paid? (i.e. paid yesterday or earlier today) 1+ decimals Submit Part 3 1 8 P Attempt 1/2 for 10 pts. What is the current stock price if the annual dividend of $3.94 his about to be paid? (je. paid tomorrow or later today) 1+ decimals SubmitProblem 7 Intro Samsung just paid an annual dividend of $3.4. The company has a required return of 10%%. Part 1 1 8 P Attempt 1/2 for 10 pts. If dividends are expected to be constant, what is the value of the stock? 0+ decimals Submit Part 2 1 8 P Attempt 1/2 for 10 pts. You now think that dividends will grow by 3% from year to year. What is the value of the stock? 0+ decimals SubmitProblem 8 Intro Walmart has just paid an annual dividend of $3.94. Dividends are expected to grow by 8%% for the next 4 years, and then grow by 2% thereafter. Walmart has a required return of 9%%. (Note the wording of this problem. Typically, when a problem says "expected to grow for the next X years", they mean that the the cashflow will grow constantly up to the end of year X, then the cashflow at year X will grow at some other rate in years X+1, X+2 etc.) Part 1 1 8 P Attempt 1/2 for 10 pts. What is the expected dividend in four years? 1+ decimals Submit Part 2 1 8 P Attempt 1/2 for 10 pts. What is the terminal value in four years (P,)? 0+ decimals Submit Part 3 1 8 P Attempt 1/2 for 10 pts. What is the value of the stock now? 0+ decimals Submit