Summit Systems will pay a dividend of $30 in one year. If you expect Summit's dividend to grow by 6.0% per year, what is its share price if its equity cost of capital is 12%? The price per share is $_. (Round to the nearest cent.) Answer: ABC Company has a share price of $80 today. If Krell is expected to pay a dividend of $10 at the end of the year, and its stock price is expected to grow to $80 at the end of the year. What is the equity cost of capital for the stock? (Round to 4 decimal places. Do NOT use percentage value