ment: Week 5 Homework ent Score: 84.84% nstructor Exit Submit Assignment for Grading ns n7-12 Question 10 of 11 Check My Work eBook Problem 7-12 Nonconstant Growth Stock Valuation Assume that the average firm in your company's industry is expected to grow at a constant rate of 4% and that its dividend yield is 6%. Your company is about as risky as the average firm in the industry, but it has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow at a rate of 5096 [D1 Do(1 + g)-Do(1.50)) this year and 20% the following year, after which growth should return to the 4% industry average. If the last dividend paid (Do) was $2, what is the value per share of your firm's stock? Round your answer to the nearest cent. Do not round your intermediate computations Check My Work 0- Icon Key em 7-12 Question 10 of 11