1) ABC,. Inc just paid a dividend of $18.91. The dividends are expected to grow by 20% in Year 1, 14% in Year 2, and 6% in Year 3. After that, the dividends are expected to grow by 4% each year. If the required rate of return is 15%, what is today's price of the stock?

2) ABC,. Inc just paid a dividend of $7.84. The dividends are expected to grow by 15% in Years 1-4. After that, the dividends are expected to grow by 5% each year. If the required rate of return is 13%, what is today's price of the stock?