QUESTION 17 1 p Microsoft presently pays no dividend. You anticipate Microsoft will pay an annual dividend of $0.60 per share two years from today and you expect dividends to grow by 4% per year thereafter. IF Microsoft's equity cost of capital is 12%, then the value of a share of Microosfoft today is: O $5.00 O O $6.70 O $6.25 O $6.90 O QUESTION 18 1 p You expect KT Industries (KTI) will have earnings per share of $3 this year and