Snowflakes Sdn Bhd expects to grow at current rate of 10 percent per annum for the next 2 years and then at 8 percent per annum indefinitely thereafter. Calculate current share price of Snowflakes Sdn Bhd assuming rate of return on equity is 12 percent per annum and last year dividend is RM1.00 per share. (8 marks) (c) A firm pays a current dividend of RM1.50 which is expected to grow at a rate of 5 percent indefinitely. If current value of the firm’s shares if RM35.00, what is the required return applicable to the investment based on constant-growth dividend discount model? (5 marks)