Assume XYZ Corp.'s dividend payment will be $3.12 one year from now, $3.63 two years from now, and \$3.92 three years from now. Further assume that after these three years, the dividend will grow by 5.4% each year. If the required rate of return for the industry XYZ Corp. belongs to is 11.1%, what is the market value of XYZ Corp.'s stock under the Dividend Discount Model? $63.39$61.47$48.95$59.48 Question 16 2.5 pts Assume the firm's dividend payment this year is $4.06, and that the required rate of return for the firm's industry is 11.5%. If the firm's dividend will grow 5.1% 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. $37.10 $63.44 $66.67 $59.24