(Quantitative Question - Show Work) Sinclair Pharmaceuticals, a small drug company, develops a vaccine that will protect against Helicobacter pylori, a bacteria that is the cause of a number of diseases of the stomach. It is expected that Sinclair Pharmaceuticals will experience extremely high growth over the next three years and will reinvest all of its earnings in expanding the company over this time. Earnings were $1.20 per share before the development of the vaccine and are expected to grow by 40% per year for the next three years. After this time, it is expected that growth will drop to 4.5% and stay there for the expected future. Four years from now Sinclair will pay dividends that are 75% of its earnings and will remain at that level moving forward. If its equity cost of capital is 13%, (In work shown, a. What is the value of a share of Sinclair Pharmaceuticals today? $ make sure you draw a timeline for this part) b. During the first year, i. What is the expected dividend yield? % ii. What is the expected capital gains yield? % Round all answers to the second decimal places. (Quantitative Question - Show Work) Sinclair Pharmaceuticals, a small drug company, develops a vaccine that will protect against Helicobacter pylori, a bacteria that is the cause of a number of diseases of the stomach. It is expected that Sinclair Pharmaceuticals will experience extremely high growth over the next three years and will reinvest all of its earnings in expanding the company over this time. Earnings were $1.20 per share before the development of the vaccine and are expected to grow by 40% per year for the next three years. After this time, it is expected that growth will drop to 4.5% and stay there for the expected future. Four years from now Sinclair will pay dividends that are 75% of its earnings and will remain at that level moving forward. If its equity cost of capital is 13%, (In work shown, a. What is the value of a share of Sinclair Pharmaceuticals today? $ make sure you draw a timeline for this part) b. During the first year, i. What is the expected dividend yield? % ii. What is the expected capital gains yield? % Round all answers to the second decimal places