Discount cash flow method (a) Please step-by-step derive the DCF model as defined in equation (A). Equation (A): Po=KgD1 Where P0= present stock price per share in period 0 D1=dividend per share in period 1 K= cost of equity capital g= growth rate of dividend per share (b) If d1=$2,k=7%, and g=5%, what is the stock price per share? (c) Please calculate cost of equity capital in terms of DCF model