Question 11: Which of the following are limitations of the dividend-discount model? (Choose all correct responses.) A. It cannot be used to value non-dividend paying shares. B. It cannot be used to value companies that do not pay out all of their earnings as dividends. C. It fails to take into account the time value of money. D. It relies in forecasts of future dividends, which are frequently uncertain. Question 12: Zoom Enterprises expects that one year from now it will pay a total dividend of $5.3 million and repurchase $5.3 million worth of shares. It plans to spend $10.6 million on dividends and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases. If Zoom's cost of equity capital is 13.9% and it has 4.7 million sharesoutstanding, what is its share price today? The price per share is $ (Round to the nearest cent.) I (Australia) Focus