Suppose that your start-up company recently had a free cash flow to equity of $2 per outstanding share (assume this $2 per share is not part of the companys valuation). You expect your company to grow at a rate of 15% over the next three years followed by a perpetual growth rate of 5%. The present value of the dividends during the initial growth stage is _______. The present value of the dividends during the second growth stage is ________. The price an investor with a discount rate of 10% should be willing to pay per share is ________?

$6.57; $59.60; $66.17

$7.46; $48.08; $55.54

$7.46; $59.60; $67.06

$6.57;$48.08; $54.65