As the price level falls, A. the exchange rate rises, so net exports rise.
B. the exchange rate rises, so net exports fall.
C. the exchange rate falls, so net exports fall.
D. the exchange rate falls, so net exports rise.

$26.86

Explanation:

Calculation to determine the projected dividend for the coming year

First step is to calculate the Dividend(D0)=

D0 = $94 * 0.12

Dividend(D0)= $11.28

Second step is to calculate the Expected Dividend growth rate for 3 years (D3) using this formula

Expected Dividend growth rate for 3 years (D3) =D0 (1+g)

Let plug in the formula

D3=$11.28* (1+0.25)^3

D3=$22.03125

Third step is to calculate Dividend in 4th year(D4

Dividend in 4th year(D4)=$22.03125 *1.15

D4 =$25.3359

Now let calculate the Dividend in 5th year(D5

Dividend in 5th year(D5)=$25.3359 * 1.06

Dividend in 5th year(D5)=$26.86

Therefore the Projected Dividend for the coming year will be $26.86