Assume ABC has just paid an annual dividend of $1.00. Analysts are predicting an 11% per year growth rate in earnings over the next five years. After then, ABCs earnings are expected to grow at the current industry average of 3.2% per year. If ABC's its dividend payout ratio remains constant, for what price does the dividenddiscount model predict ABC stock should sell? Here is information about the cost of capital: The beta of ABC's public stock is 1.5. The market risk premium is expected to be 5.0%. The risk-free rate is 1.5%. Equity-to-value ratio is 50% ABC's corporate debt has a yield-to-maturity of 3%. The coupon rate is 4%. Debt-to-value ratio is 50% The corporate tax rate is 21%