Problem 4-14 Two-stage DCF model Consider the following three stocks: 1. Stock A is expected to provide a dividend of $11.70 a share forever. 2. Stock B is expected to pay a dividend of $6.70 next year. Thereafter, dividend growth is expected to be 6.00% a year forever. 3. Stock C is expected to pay a dividend of $4.30 next year. Thereafter, dividend growth is expected to be 22.00% a year for five years (years 2 through 6 , as C recovers from a severe recession) and zero thereafter. a-1. If the cost of equity for each stock is 12.00%, what is the stock price for each of the stocks? a-2. Which stock is the most valuable? b-1. If the cost of equity for each stock is 9.00%, what is the stock price for each of the stocks? b-2. Which stock is the most valuable? Complete this question by entering your answers in the tabs below. If the cost of equity for each stock is 12.00%, what is the stock price for each of the stocks? Note: Do not round intermediate calculations, Round your answers to 2 decimal places