4. Two-stage H dividend model. The just-paid dividend for JBS, Inc. (D.) is $0.72 per share. The firm's dividends are expected to grow at 12% at the beginning but the growth rate is expected to decline linearly over the next 10 years to 5%. After year 10, the growth rate of dividends will remain at 5% indefinitely. The cost of equity is 8.3%. a) What is the intrinsic value of JBS common stock