Assume Silvio's Steakhouse pays the dividend of $3.71 this year. For the next 32 years, the firm's dividend will grow by 5.9%, then it will grow by 5.1% each year afterwards. The required rate of return for the firm's industry is 11.8%. What is the present value of the firm's stock under the Dividend Discount Model? $69.13 $63.75 $66.22 $65.11 Assume the firm's dividend payment this year is $3.75, and that the required rate of return for the firm's industry is 10.8%. If the firm's dividend will grow 5.3% each year beginning next year, what is the market value of the firm's shares under the Dividend Discount Model? Assume this year's dividends have been paid already. $74.72 $66.93 $71.80 $73.06