Im trying to value Abercrombie and Fitch using the dividend discount model. The first part of my assignment was to calculate the wieghted average cost of capital which I determine to be 4.9%. Im having trouble applying the dividend discount model and am unsure how to appraoch the second part of the assignment listed below.

"In the second part of the assignment, you should apply the Dividend Discount Model to value your company. This will require that you project your companys future dividends based on historical dividends. You should also treat stock repurchases as a form of dividend. It is up to you to figure out how to translate stock repurchases into a dividend stream. It is also up to you to figure out what to do if your company doesnt pay dividends."

I've determined Abercrombie's stock repurchases and cash dividends paid below but am unsure where to/ how to apply the dividend discount model with this information. Any help on how to do this would be appreciated. Thank you!

Repurchases of treasury stock (2012-2016 left to right)

-197

-322

-116

-285

-50

Cash dividends paid (2012-2016)

-61

-58

-62

-57

-55