5. The past four dividends for the Zywicki Corporation are shown below. Calculate dividend D_1 by applying the historical (arithmetic) average growth rate of dividends. Compute the expected share price at the end of 2023 using the perpetual dividend growth method. Assume the market risk premium is 11.7 percent, Treasury bills yield 5.9 percent, and the beta of the firm is 0.88. (6 POINTS) Dividend, $ Year 2023 2022 2021 2020 1.80 1.65 1.50 1.40 A. What is the historic, arithmetic average growth rate? $1.23 X B. What is the discount rate, k? 11.7% X P = 1.80 t + 1.117 1.65 (1.117) 2 (1,117) 1.50 3 3+1.40 (1.11714 =4.9/4 =1.227 C. What is the share price at the end of 2023?