Section B Answer the following problems. Show your calculations 1. Shark Bait, Inc. just paid annual dividend of $2.00. The com 10%, 9%, 8%, 6% and 5% over the next five years. rate of 4%. If the required rate of return is 14%, what red rate of next five The company is expected to grow its divided by er that the dividend is going to grow at a constant 4%, what is the company's current stock price? (15 pts) 1 2 3 4 5 1 6 Dividen 2.20/2.40/2.59 | 2.75 2.89|3.01 91 110% 9% 8% 6% 5% 4% 2 3 4 5 Dividen (22/2.40 2.59 275/2.89 TV PVEFF 1.93 1.85 1.75 1.63 1.50 (FCF-C1tg)) Icd-g) Section B Answer the following problems. Show your calculations 1. Shark Bait, Inc. just paid annual dividend of $2.00. The com 10%, 9%, 8%, 6% and 5% over the next five yea rate of 4%. If the required rate of return The company is expected to grow its divided by extfive years. After that the dividend is going to grow at a rate of return is 10% what is the company's current stock pro ice? (15 pts) T Dividen Z 3 14 15 16 2.20/2.40/2.59|2.75 2.89 3.01 110% 9% 8% 6% 5% 4% 2 3 4 5 Dividen (22/2.40 2.59 275/2.89 TV PVGFF 1.93 1.85 1.75 1.63 1.50 (FCF- (179)) I cd-g)