Better mousetraps has come out with an improved product, and the world is beating a path to its door. as a result, the firm projects growth of 20% per year for 4 years. by then, other firms will have copycat technology, competition will drive down profit margins, and the sustainable growth rate will fall to 5%. the most recent annual dividend was div0 = $1 per share. what are the expected values of div1 div2 div3 and div4?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer