Assume Gillette Corporation will pay an annual dividend of $0.61 one year from now. Analysts expect this dividend to grow at 11.7% per year thereafter until the 6th year. Thereafter, growth will level off at 1.9% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.6%? The value of Gillette's stock is $ (Round to the nearest cent.) NoGrowth Corporation currently pays a dividend of $0.49 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 16.7%? The stock price is $ (Round to the nearest cent.)