stion 4 0 When Equity Cost of Capital > Return on New Investment, the corresponding growth opportunity adds value to the firm. In the dividend-discount model, the discount rate is the weighted average cost of capital. Assuming a constant growth of dividend per share after Year N, then PNE-S ii DieN Which one(s) of the following statements is INCORRECT? ii Assuming a constant growth of dividend per share after Year N, then Div2 Div + iv DieN 1 Dirn 1+FE Po + E-S