What is the product of the following sequence of reactions? 
Definitions:
Dividend Growth Model
A valuation method used to estimate the price of a company's stock by using predicted dividends and discounting them back to present value.
SML Approach
Refers to the Security Market Line approach, a graphical representation in the Capital Asset Pricing Model (CAPM) that depicts the relationship between risk and expected return for all securities.
Flotation Costs
Expenses incurred by a company in issuing new securities, including legal, administrative, and underwriting fees.
Computed NPV
The calculated Net Present Value based on a specific discount rate and series of cash flows.
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