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please help solving for picture 2 the rest is just information $44.18 is incorrect Darnell One of the options is Delta Airlines. They have paid

image text in transcribedimage text in transcribedimage text in transcribedplease help solving for picture 2 the rest is just information $44.18 is incorrect

Darnell One of the options is Delta Airlines. They have paid an annual dividend of $4.13 for the past 25 years and we expect them to continue this indefinitely Assuming the market requires a(n) 12.3% return from Delta, what is the value of a share of stock? (Answer with 2 decimals.) Darnell And what if we assumed they would start increasing their dividend by 2.7% per year? What would be a fair price to pay in that scenario? (Answer with 2 decimals.) $44.18 Alexis Sanchez Hint - Use the constant growth model

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