$20.$ You have found the following historical information for DEF Company:

Year$1$ Year $2$ Year $3$ Year $4$

Stock Price $$25\mathrm{.}77$ $$27\mathrm{.}1$ $$28\mathrm{.}67$ $$29\mathrm{.}21$

EPS $$2\mathrm{.}54$ $$3\mathrm{.}42$ $$4\mathrm{.}4$ $$5\mathrm{.}34$

Earnings are expected to grow by $5\mathrm{.}92$ percent for the next year $($Year $5).$ Using the company's historical average PE as a benchmark, what is the target stock price $($in $$)$ in one year?Answer to two decimals

HQZ Inc., has just paid a dividend of $$4\mathrm{.}76$ per share and has announced that it will increase the dividend by $$1$ per share for each of the next four years, and then never pay another dividend. If you require a return of $8\mathrm{.}78$ percent on the company's stock, how much will you pay $($in $$)$ for a share today?