Summit Systems has an equity cost of capital of $10\mathrm{.}79\%,$ will pay a dividend of $$2\mathrm{.}78$ in one year, and its dividends had been expected to grow by $6\mathrm{.}03\%$ per year. You read in the paper that Summit Systems has revised its growth prospects and now expects its dividends to grow at a rate of $3\mathrm{.}52\%$ per year forever.

a$.$ What is the drop in value of a share of Summit Systems stock based on this information?

b$.$ If you tried to sell your Summit Systems stock after reading this news, what price would you be likely to get? Why?

a$.$ What is the drop in value of a share of Summit Systems stock based on this information?

The drop in value of a share of Summit Systems stock is $

$($Round to the nearest cent.$)$