Bridges and associates stock is expected to pay a $1.75 per-share dividend at the end of the year. The dividend is expected to grow 20 percent the next year and 45 percent the following year. After...

Bridges and associates stock is expected to pay a $1.75 per-share dividend at the end of the year. The dividend is expected to grow 20 percent the next year and 45 percent the following year. After t=3, the dividend is expected to grow at a constant rate of 7 percent a year. The company's cost of common equity is 12 percent and it is expected to remain constant.

(i). What is the expected price of the stock today?

(ii). What is the expected price of the stock 10 years from today, 15 years from today and 20 years from today?