Estimating the DCF Growth Rate . Suppose In a Found Ltd. just issued a dividend of $1.43 per share on its common stock.The company paid dibidends of $1.05, $1.12, $1.19, and $1 30 per share in the last four years. if the stock currently sells for $45, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends ? what if you use the geometric average growth rate?