1.) Avocado Incorporated just paid a dividend of $3. An analyst expects this dividend to grow at a rate of 12% for the next 3 years. After this initial growth stage, the firm is expected to grow at a rate of 5% forever. The required return on this stock is 8%. Given the analyst's projections, what is the most you should pay for this stock?Round to the nearest cent. Do not include the dollar sign in your answer. (i.e. If your answer were $1.23, then type 1.23 without a $ sign)

2.) A firm just paid an annual dividend of $1.00 today. The dividend is expected to growthat a rate of 14% for the next three years, and then 6% thereafter. The required rate of return on this stock is 9%. What is the value of this stock?Round to the nearest cent. Do not include the dollar sign in your answer. (i.e. If your answer were $1.23, then type 1.23 without a $ sign)