Question 2 You are asked to apply dividend growth model to estimate the price of Beautiful Life Berhad given the next dividend per share of RM0.60. You are told that the required rate of return is 13 percent and a projected constant growth rate of 8 percent for Beautiful Life Berhud, Briefly describe four alternatives to stock common valuation (10 marks) (b) Describe pioneering and decline stages of industrial life cycle. As one of top management members in your firm, what should you do if your firm is in pioneering stage? (10 marks) (Total: 20 marks)