The next three problems refer to Roadrunner Enterprises. Roadrunner Enterprises is expected to grow its dividends and earnings at various rates. The company just paid a $1.00 dividend. The company expects to grow its earnings and dividends at 13% for the next two years, and then the company expects to grow at 10% for the following three years after which the company expects to grow at a constant rate of 7% per year indefinitely. The required rate of return on Roadrunner's common stock is 13% 16What is the present value of the first five years, dividends? A) Less than $3.00 B) $3.00 to $4.00 C) $4.00 to $4.50 D) $4.50 to $5.00 E) More than $5.00 17, what is the present value of the "residual"? (The residual" is the FMV of the stock when the constant growth begins.) A) Less than $20.00 B) $20.00 to $26.00 C) $25.00 to $35.00 D) $36.00 to $60.00 E) More than50.00 a what is the Fair Market Velue (FMV) of the stook now? (Hint: The is the Pv of the first five years' dividends and the PV of the residual.) A) Less than $35.00 B) $26.00 to $30.00 C) $30.00 to $40.00 D) $40.00 to $60.00 E) More than $60.00