Fresno Corp. is a fast-growing company whose management that expects it to grow at a rate of 22 percent over the next two years and then to slow to a growth rate of 16 percent for the following three years. If the last dividend paid by the company was $2.15.
What is the dividend for 1st year?
What is the dividend for 2nd year?
"..." up until 5th year
Compute the present value of these dividends if the required rate of return is 14 percent.
5 step problem sorry, cant understand the formula to get all 5 years
any help would be appreciated with work so I can see how to do it in the future