ReworkTable 7.4for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $4.50 at the end of the first year.(Do not round intermediate calculations. Round your answers to 2 decimal places.)

Horizon PV PV Value per

(years) PV (Dividends) (Terminal Price) Share

1

2

3

10