John Smith has been directed to determine the value of Widgets stock which is currently trading at $50. John believes that Widgets dividends will grow at 10% per year for the first three years and at 2% thereafter. Widget paid a dividend of $1.50 in the most recent year (D0). In addition the risk free rate is 3% and the expected market premium is 5%. John has estimated Widgets beta to be 0.8. The required rate of return for Widget (cost of equity) is_____________ %, the dividend paid in the first year (D1) is_____________ , the dividend paid in the second year (D2) is_____________ , the Price at end of high growth stage is________________ .