1. Gilmore, Inc., just paid a dividend of $3.76 per share on its stock. The dividends are expected to grow at a constant rate of 6.5 percent per year, indefinitely. If investors require a return of 14.1 percent on this stock, what is the current price? (Do not round intermediate calculations, round your answer to two decimals, i.e. 32.16)

2. Farm Supply, Inc., just paid a dividend of $2.6 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. If investors require a return of 14.7 percent on this stock, what will the price be in 10 years? (Do not round intermediate calculations, round your answer to two decimals, i.e. 32.16)