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Procter and Gamble (PG) paid an annual dividend of $2.82 in 2021. You expect PG to increase its dividends by 7.7% per year for the

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Procter and Gamble (PG) paid an annual dividend of $2.82 in 2021. You expect PG to increase its dividends by 7.7% per year for the next five years (through 2026), and thereafter by 2.6% per year. appropriate equity cost of capital for Procter and Gamble is per year, use the dividend-discount model to estimate its value per share at the end of 2021. The price per share is $ (Round to the nearest cent.)

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