P 7-18 (similar to) Question Help Assume Gillette Corporation will pay an annual dividend of $0.68 one year from now. Analysts expect this dividend to grow at 11.9% per year thereafter until the 5th year. Thereafter, growth will level off at 1.5% per year. According to the dividend-discount model, what is the value of a share of Gillette stock if the firm's equity cost of capital is 7.5%? The value of Gillette's stock is $. (Round to the nearest cent.) XP 7-19 (similar to) Question Help 0 CX Enterprises has the following expected dividends: $1.15 in one year, $1.22 in two years, and $1.28 in three years. After that, its dividends are expected to grow at 4.5% per year forever (so that year 4's dividend will be 4.5% more than $1.28 and so on). If CX's equity cost of capital is 11.6%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent.)