1 Nofal Corporation will pay a $3.65 per share dividend next year. The company pledges to increase its dividend by 5.1 percent per year, indefinitely.

Round your answer to 2 decimal places (e.g., 32.16).

What is the current stock price?

2 The Sleeping Flower Co. has earnings of $1.75 per share

A. Requirement 1:

If the benchmark PE for the company is 18, how much will you pay for the stock?

What is the current stock price?

B .Requirement 2:

If the benchmark PE for the company is 21, how much will you pay for the stock?

What is the current stock price?

Round your answer to 2 decimal prices (e.g., 32.16)