Question 44 Unsaved Assume that the average firm in your company's industry is expected to grow at a constant rate of 5.1% and its dividend yield is 8.3%. Your company is about as risky as the average firm in the industry, but it has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow at a rate of 43% this year and 25% the following year, after which growth should match the 5.1% industry average rate. The last dividend paid (D0) was $1.3. What is the value per share of your firm's stock?