SJU Inc. has just paid a cash dividend of $2.50 per share. Merrill Lynch estimates that its dividend next year will be $2.2 and the dividend will then rise to $3.10 in the second year. Thereafter, the company's dividend is expected to grow at a steady 6% per year forever. If the investors require a 12% return from investments such as this, i) What is the fair market value of this stock right now? ii)What is the expected price at the end of year 4? Show work