Question # 2: Cynthia Robbins is considering purchasing the common stock of Warren Buffet Industries, a rapidly growing boat manufacturer. She finds that the firm's most recent (2012) annual dividend payment was $1.50 per share. Cynthia estimates that these dividends will increase at a 10% annual rate, 81, over the next 3 years (2013, 2014, and 2015) because of the introduction of a hot new boat. At the end of the 3 years (the end of 2015), she expects the firm's mature product line to result in a slowing of the dividend growth rate to 5% per year, g2, for the foreseeable future. Victoria's required return, rs, is 15%. To estimate the current (end-of-2012) value of Warren's common stock, she applies the four-step procedure to these data. Requirements: Please work on those four steps which Cynthia were adopted and calculate answers