1.Boehm Incorporated is expected to pay a $2.60 per share dividend at the end of this year (i.e., D₁ = $2.60). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, r_s, is 17%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.

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1B. .A company currently pays a dividend of $3.6 per share (D₀ = $3.6). It is estimated that the company's dividend will grow at a rate of 21% per year for the next 2 years, and then at a constant rate of 7% thereafter. The company's stock has a beta of 1.5, the risk-free rate is 8%, and the market risk premium is 5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent.

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