You've been asked to determine the fair value of V-Labs Corporation. You've determined that V Lab's dividends will grow at a rate equal to ROE*Plowback forever. V Labs pays dividends once a year, and the most recent dividend was just paid yesterday. VLab's debt to asset ratio is 25% and is expected to remain constant VLab's ROE is expected to be constant at 13% per year, VLab's Payout Ratio is expected to be constant at 80%. VLab's level of equity on the balance sheet is $40 (on a per share of stock basis). V Labs has 10 million shares of stock outstanding, Given the risk of the stock, you've estimated that V Lab's fair rate of return is E[r] =8% per year. V Lab's stock is currently trading at $62 per share. Given this information, answer the following questions: . . . Question 10 1 pts Chapter 9, Bucket 2 Problem 9.03, Part A What is the size of the dividend per share you expect XYZ to pay next year