Stock Valuation with Non-constant Growth of the Dividend using DDM. The last annual dividend paid by Starboard Industries was Do = $1.15. The company's growth rate is expected to be 30 percent for each of the next 3 years, followed by a constant rate of 8 percent, indefinitely. Investors require a return of Ri = 13.4 percent. What is the expected annual dividend for each of the next three years, respectively? (Hint: this question is asking for Future, Uneven Cash Flows)