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Procter and Gamble ( PG ) paid an annual dividend of $ 2 . 8 1 in 2 0 2 1 . You expect PG

Procter and Gamble(PG) paid an annual dividend of $ 2.81 in 2021. You expect PG to increase its dividends by 8.7% per year for the next five years(through 2026), and thereafter by 3.3% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.4% per year, use the dividend-discount model to estimate its value per share at the end of 2021

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