11) (4 pts) Company YY just paid a dividend of $3.00 per share. Next year's dividend is expected to grow by 8% and then grow by 7% the following year. After year 2 the dividend is expected to grow at a constant rate of 5% forever. The required rate of return for YY is 8.5%. a) What is the expected selling price (horizon value) of Company YY in 5 years? Horizon Value in year 5 12) (3 pts) Ezzell Corporation issued perpetual preferred stock with a $4.00 preferred dividend. this issue currently sells for $82 per share, what is the required rate of return for Ezzell CO's preferred stock? Required Rate