NoGrowth Corporation currently pays a dividend of $0.42 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 12.4%? C. The stock price is $13.28 (Round to the nearest cent.) Summit Systems will pay a dividend of $1.64 this year. If you expect Summit's dividend to grow by 6.5% per year, what is its price per share if the firm's equity cost of capital is 10.1%? The price per share is $. (Round to the nearest cent.) Dorpac Corporation has a dividend yield of 1.1%. Its equity cost of capital is 7.2%, and its dividends are expected to grow at a constant rate. a. What is the expected growth rate of Dorpac's dividends? b. What is the expected growth rate of Dorpac's share price