11. A stock is expected to pay a dividend of $2.00 at the end of the year (i.e., D1 = $2.00), and it should continue to grow at a constant rate of 10% a year. If its required return is 15%, what is the stock's expected price 3 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

14. Carnes Cosmetics Co.'s stock price is $53.41, and it recently paid a $2.50 dividend. This dividend is expected to grow by 17% for the next 3 years, then grow forever at a constant rate, g; and rs = 12%. At what constant rate is the stock expected to grow after Year 3? Round your answer to two decimal places. Do not round your intermediate calculations.