1. A stock just paid a dividend of $2.98. The dividend is expected to grow at 20.30% for three years and then grow at 3.91% thereafter. The required return on the stock is 10.53%. What is the value of the stock? Round to 2 decimals

2. A stock just paid a dividend of $1.05. The dividend is expected to grow at 21.18% for five years and then grow at 3.81% thereafter. The required return on the stock is 11.30%. What is the value of the stock? Round to 2 decimals