1) You are considering acquiring shares of stock that you would like to hold for one year. On a per-share basis, you expect to receive $1.68 in dividends and $29.6 from the sale of the share at the end of the year. If you want to earn an 11.2% rate of return, what is the maximum price you would pay for a share today?

2) Git, Inc. is expected to have EPS in the upcoming year of $8.9. The expected ROE is 12.2%. An appropriate required return on the stock is 14.8%. If the firm has a plowback ratio of 59%, what is the expected dividend in the upcoming year?