You are trying to estimate the value of McGillicutty's stock. Your research has indicated that you can expect a growth rate in their cash flows (and dividends paid) of 15%, 13%, 10% and 8% over the next 4 years, followed by a constant growth rate of 4% thereafter. The most recent dividend paid by the company was $2.50 per share. The company has a very high level of risk - their beta is 2.4. The risk free rate is 2.2% and the expected return on the market is 9.5%. a. What is the required rate of return on the stock? b. What are the dividends that are expected to be paid over the next 5 years? c. What is the value of the stock today?