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Comider the following information which relates to dividends per shareDestravecom 05 $11 5170 Year 2019 2018 2017 2016 2015 SE55 555 Today, we are in

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Comider the following information which relates to dividends per shareDestravecom 05 $11 5170 Year 2019 2018 2017 2016 2015 SE55 555 Today, we are in 2020. Management is in the proces of deciding whether to expand or not to expand the firm's branches. Below, is a set of inputsociated with each scenario Scenario #1 - Do Not Expand: Dividend by the end of 2020 is expected to prowat the historical annual growth rate for the period 2015-2019, which is currently undeed. This period add up to four years based upon starting at time sero Once determined this rate is expected to continue the future. Under this scenario, the required return on common stock is 7.3 Scenario #2 - Expand Dividend in 2021 is expected to be $25 pershare, which will wataal rate of 14% for two years (2022 and 2023), and then the divided would proteam nown fari 2014 dechia 3155 2016 $140 2015 555 Today, we are in 2020. Management is in the process of deciding whether to expander me to expand the fom's branches. Below, is a set of inputs associated with each scenarie Scenario 91 - De Not Expand: Dividend by the end of 2020 is expected to grow at the historical annual growth rate for the period 2015-2019, which is currently undetermined. This period adds up to four years based upon starting at time zero. Once determined, this rate is expected to continue in the future. Under this scenario, the required return on common stock is 7.3% Scenario #2 - Expand: Dividend in 2021 is expected to be $75 per share, which will grow at an annual rate of 14% for two years (2022 and 2023), and then the divided would you at the same unknown rate in the first scenario from 2024 thereafter. Under this scenario, the required return on common stockis 8.6 Required. What is the dollar difference in the present value per share of common stock between both scenarios

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