Drake Shipping is expected to pay the following dividends over the next four years: Year 1: 3.80 Year 2: 5.30 Year 3: 3.60 Year 4: 2.20. Afterward, the company will target a 3 percent growth rate. What are the expected dividends for Year 5 and Year 6?
1) 3.80, 5.30
2) 3.60, 2.20
3) 3.80, 5.30, 3.60, 2.20
4) Cannot be determined
