Helen Morgan, CFA, has been asked to use the dividend discount model to determine the value of Sundanci, Inc. Morgan anticipates that Sundanci's earnings and dividends will grow at 32% for two years and 13% thereafter. Table 13.11 Sundanci actual 2021 and forecast 2022 financial statements for fiscal years ending May 31 (\$ million, except per-share data) Table 13.12 Selected financial information Required rate of teturn on equly Growith rate ot inidustry Industry PiE ratio Calculate the current value of a share of Sundanci stock by using a two-stage dividend discount model and the data from Tables 13.11 and 13.12. (LO 13-2)