Problem 7-8 Dividend Discount Model (LO2) Rework Table 74 for horizon years 1, 2, 3, and 10, assuming that investors expect the dividend and the stock price to increase at only 6% a year and that each investor requires the same 12% expected return. The company will pay a dividend of $1.50 at the end of the first year. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Horizon (years) 1 Answer is not complete. PV PV Value per (Dividends) (Terminal Share Price) $ 1.50 X 1.59 X 1.69 X 1.50 X 2 3 10 TABLE 7.4 Value of Blue Skies + 11 Horizon (years) 1 2 3 10 20 30 50 100 PV (dividends) $2.68 5.26 7.75 22.87 38.76 49.81 62.83 73.02 PV (terminal price) $72.32 69.74 67.25 52.13 36.24 25.19 12.17 1.98 Value per Share $75 75 75 75 75 75 75 75