1. HF Corporation just paid a dividend of $4.00. The dividend is expected to grow by 8% this year, 6% in year two and 5% in year three. Beginning in year four, the dividend is expected to grow at a constant rate of 4%. With a required return of 10%, what is a share of this companys stock worth today? 2. TP Company report FCF of $800,000 in the most recently completed year. FCF is expected to grow by 10% this year and 7% in year two. Beginning in year three, FCF is expected to grow at a constant and sustainable rate of 5%. The required rate of return on this stock is 12%. The company has debt of $3,500,000, preferred stock of $1,200,000 and 500,000 common shares outstanding. What is a share of this companys common stock worth today ?