Problem 9.05 a1-a6 Crane Corp. is a fast-growing company whose management expects it to grow at a rate of 21 percent over the next two years and then to slow to a growth rate of 13 percent for the following three years. If the last dividend paid by the company was $2.15.

Your answer is correct. What is the dividend for the 1st year? (Round answer to 3 decimal places, e.g. 15.250.) D1 $enter a dollar amount of the dividend for the first year rounded to 3 decimal places LINK TO TEXT

Your answer is correct. What is the dividend for the 2nd year? (Round answer to 3 decimal places, e.g. 15.250.) D2 $enter a dollar amount of the dividend for the second year rounded to 3 decimal places LINK TO TEXT

Your answer is correct. What is the dividend for the 3rd year? (Round answer to 3 decimal places, e.g. 15.250.) D3 $enter a dollar amount of the dividend for the third year rounded to 3 decimal places LINK TO TEXT

Your answer is correct. What is the dividend for the 4th year? (Round answer to 3 decimal places, e.g. 15.250.) D4 $enter a dollar amount of the dividend for the fourth year rounded to 3 decimal places LINK TO TEXT

Your answer is correct. What is the dividend for the 5th year? (Round answer to 3 decimal places, e.g. 15.250.) D5 $enter a dollar amount of the dividend for the fifth year rounded to 3 decimal places LINK TO TEXT

Your answer is incorrect. Try again. Compute the present value of these dividends if the required rate of return is 14 percent. (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25.) Present value $enter the present value of these dividends rounded to 2 decimal places Click if you would like to Show Work for this question: Open Show Work