Task 5: APEX Company paid a 1.50 dividend per share this year. Over the next two years, dividends and earnings are expected to grow at a rate of 12%. After two years, the company is expected to grow at a constant rate of 5%. Additional information: Risk-free rate of return 4.5% Equity risk premium 5.0% Beta coefficient 0.9 Estimate the required rate of return on equity using the CAPM. . Estimate the expected future dividend at the end of year 1. Estimate the expected future dividend at the end of year 2. 3) Estimate the expected future dividend at the end of year 3. 4) Assume that a dividend discount model (DDM) is an appropriate choice for valuing the APEX Company Using a two-stage dividend discount model, estimate the company's value per share