Nonconstant Dividend Growth Valuation Conroy Consulting Corporation (CCC) has a current dividend of \\( D_{0}=\\$ 3.00 \\). Shareholders require a \9 rate of return. Although the dividend has been growing at a rate of \31 per year in recent years, this growth rate is expected to last only for another 2 years \left(g0,1=g1,2=31 ). After Year 2 , the growth rate will stabilize at \gL=7. a. What is CCC's stock worth today? Do not round intermediate calculations. Round your answer to the nearest cent. \\[ \\$ \\] b. What is the expected stock price at Year 1 ? Do not round intermediate calculations. Round your answer to the nearest cent. \\[ \\$ \\]
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