1. The risk-free rate is 3.29% and the market risk premium is 7.67%. A stock with a of 1.45 just paid a dividend of $1.48. The dividend is expected to grow at 20.99% for three years and then grow at 4.30% forever. What is the value of the stock? Round to: 2 decimal places.

2. The risk-free rate is 1.72% and the market risk premium is 5.41%. A stock with a of 0.98 just paid a dividend of $1.09. The dividend is expected to grow at 24.09% for five years and then grow at 4.89% forever. What is the value of the stock? Currency: Round to: 2 decimal places.