2. The risk-free rate is 3.84% and the market risk premium is 5.12%. A stock with a of 1.74 just paid a dividend of $1.73. The dividend is expected to grow at 21.61% for five years and then grow at 4.05% forever. What is the value of the stock

3. Caspian Sea Drinks needs to raise $65.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $1.65 next year, which will grow at 3.14% forever and the cost of equity to be 11.83%, then how many shares of stock must CSD sell?