a) Shares for ABC Ltd are currently available on the market. You expect the company to pay its first dividend exactly two years from today, and then every year after that. Using the Dividend Discount Model (DDM), you estimate the intrinsic value of ABC Ltd is $8. The constant dividend growth rate, after the first dividend is paid, is estimated as 5%, and the required rate of return is 14% per annum. Calculate the dividend per share you expect ABC Ltd to pay two years from today. (2 marks)