Emit Corporation has just paid an annual dividend of $1.00. Analysts expect this dividend to grow at 10% per year indefinitely. According to dividend discount model (DDM) what is the value a share of Emit stock if the firm's equity cost of equity 18%? Analysts expect this dividend to grow at 12% per year thereafter until the fifth year. After then, the growth will level off at 2% percent. According to dividend discount model (DDM) What is the value a share of Emit stock if the firm's equity cost of equity 18%