You read in the paper that Snapchat will pay a dividend of $2.25 this year. At that point you expected Summit's dividend to grow by 6.0% per year. Today you read in the paper that Snapchat has revised its growth prospects and expects its dividends to grow at a rate of 3.0% per year forever. The firm's equity cost of capital is 10.0%. (a) What is the value of a share of Snapchat stock based on the original expected dividend growth of 6.0% per year? Print (b) If you tried to sell your Snapchat stock after reading this news, what price would you be likely to get? Why