1. The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company's beta is 1.60, the market risk premium is 5.00%, and the risk-free rate is 4.00%. What is the company's current stock price, P₀? Do not round intermediate calculations.

2.

Kale Inc. forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 11.0% and FCF is expected to grow at a rate of 5.0% after Year 2, then what is the firms total corporate value (in millions)? Do not round intermediate calculations.

Year	1	2
Free Cash flow	-$25	$120