Simtek currently pays a $3.75 dividend (Do) per share. Next year's dividend is expected to be $4 per share. After next year, dividends are expected to increase at a 7 percent annual rate for 3 years and a 3 percent annual rate thereafter. Use Table if to answer the questions. Do not round intermediate calculations. Round your answers to the nearest cent. a. What is the current value of a share of Simtek stock to an investor who requires a 13 percent return on his or her investment? b. If the dividend in year 1 is expected to be $4 and the growth rate over the following 3 years is expected to be only 5 percent and then 3 percent thereafter, what will the new stock price be? 3