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Fizzle Corp. will pay a dividend of $5 per share at the end of next...

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Finance

Fizzle Corp. will pay a dividend of $5 per share at the end of next year (end of year 1) and this dividend is expected to grow at a 0 percent annual rate for five years from that point in time, then at a 3.5 percent rate for the next two years, after which it is expected to grow at a 1 percent rate forever. What value would you place on this stock if the WACC is 8.5% and the cost of equity is 9.5%? Please show all your work and calculate all amounts precisely. Your final answer can be in dollar value terms, rounded to two decimal points

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