(7-12) Assume the average firm in your company's industry is expected to grow at a constant rate of 6% and that its dividends yield is 7%. Your company is about as risky as the average firm in the industry and just paid a dividend (D₀) of $1. You expect that the growth rate of dividends will be 50% during the first year (g_0,1 = 50%) and 25% during the second year (g_1,2 =25%). After year 2, dividend growth will be constant at 6%. What is required rate of return on your company's stock? What is the estimated value per share of your firm's stocks?