Hoosier Inc (HI) is planning to pay its first dividend of $2.40/share one year from now. Then , for the following five years the dividend is projected to increase by 10% a year. After this period it will growth at a constant rate of 4% forever. If the required rate of return (discount rate) on HI stock is 15%, (a) what should the price of the stock be today? and (b) calculate what HI’s stock price should be nine years from now after Div9 is paid?