1. chocolate expects to have EPS of $161 per year. It only re-invests 30% of its earnings in years 6 and 10. The two growth opportunities have ROE of 21% forever. If chocolate's cost of equity is 14%, what is its stock price now?

2. chocolate expects to have EPS of $14 per year. It's payout ratio is 100% in the all years except year 3 that the payout ratio is 21%. This growth opportunity will earn ROE of 41% for 24 years. If chocolate's cost of equity is 13%, what is its stock price now?