1. AQSM Corporation has a Beta of 1.1. The required return of a market portfolio is 8%. The risk free rate is 2%. What is the require rate of return? (Please answer with decimal. Do Not use %)

2. AQSM Corp. is expected to pay the following dividends over the next four years: $10, $8, $5, and $4. In the fourth year, the estimated payout ratio is 20% and the benchmark PE ratio is 10. If the required return of AQSM is 12%, what is the current share price of AQSM stocks? (Hint: estimated payout ratio=dividend/EPS)