Assume that it is now January 1, 2017. Wayne-Martin Electric Inc. (WME) has developed a solar panel capable of generating 200% more electricity than any other solar panel currently on the market. As a...

Assume that it is now January 1, 2017. Wayne-Martin Electric Inc. (WME) has developed a solar panel capable of generating 200% more electricity than any other solar panel currently on the market. As a result, WME is expected to experience a 14% annual growth rate for the next 5 years. Other firms will have developed comparable technology by the end of 5 years, and WME's growth rate will slow to 4% per year indefinitely. Stockholders require a return of 12% on WME's stock. The most recent annual dividend (D₀), which was paid yesterday, was $1.88 per share.

Calculate the expected dividend yield (D₁/P₀), capital gains yield, and total return (dividend yield plus capital gains yield) expected for 2017. (Assume that    and recognize that the capital gains yield is equal to the total return minus the dividend yield.) Round your answers to two decimal places. Do not round your intermediate calculations.

D₁/P₀
= %

Capital gains yield = %

Expected total return = %

Then calculate these same three yields for 2022. Round your answers to two decimal places. Do not round your intermediate calculations.

D₆/P₅
= %

Capital gains yield = %

Expected total return = %