There are three companies: A, B, and C, that, by chance, have just paid exactly the same annual dividend of $4.21 per share. However, they have different growth rates in terms of future dividends: A has a zero growth rate, B has a constant growth rate of 10% per year, while C is expected to pay the following dividends for the next 4 years: C will grow its dividends annually at a constant rate of 10% for Year 5 and beyond. Required: 1) Apply the appropriate type of dividend valuation model (DVM) to value each of these companies if investors require the same 14% rate of return on these stocks. 2) Briefly comment on the comparable values of these companies. What is the major cause of the differences among these three valuations