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Suppose Acap Corporation will pay a dividend of 2.72 per share at the end of this year and 2.99 per share next year. You expect

Suppose Acap Corporation will pay a dividend of 2.72 per share at the end of this year and 2.99 per share next year. You expect Acaps share price to be 53.72 in two years. Acaps equity cost of capital is 11.1%: REQUIRED: a. What price would you be willing to pay for a share of Acap stock today, if you planned to hold the share for two years? b. Suppose instead you plan to hold the share for one year

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