Investors require a 17% rate of return on Levine Company's stock (i.e., r s = 17%). What is its value if the previous dividend was D 0 = $2.50 and investors expect dividends to grow at a constant...

Investors require a 17% rate of return on Levine Company's stock (i.e., r_s
= 17%).

1. 
   

   What is its value if the previous dividend was D₀
   = $2.50 and investors expect dividends to grow at a constant annual rate of (1) -4%, (2) 0%, (3) 5%, or (4) 11%? Do not round intermediate calculations. Round your answers to two decimal places.

   
   

   (1) $

   
   

   (2) $

   
   

   (3) $

   
   

   (4) $