explain fully in each part please Whyte Skies Inc is expected to...

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Accounting

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Whyte Skies Inc is expected to pay a dividend of $4 next year and this is expected to continue each year thereafter. The company's growth rate is 7% and the discount rate is 11%. a. What is Whyte Skies's current stock price? [1 pt] b. Whyte Skies has won a lawsuit forcing its archrival, Nasty Manufacturing Co, to withdraw as a competitor in a key market. White Skies is able to generate 8% per year future growth rate without sacrificing immediate dividends. Does Whyte Skies's winning a lawsuit affect (i.e., increase or decrease) its stock price? Demonstrate using an appropriate calculation. [1 pt] c. Does Whyte Skies's winning a lawsuit affect its expected return? Show your calculation or provide a justification. [1 pt]

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