3. Momsen Corp. is experiencing rapid growth. Dividends are expected to grow at 32 percent per year during the next three years, 22 percent over the following year, and then 7 percent per year indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $78 per share. What is the projected dividend for the coming year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Find Projected dividend $_________________?

10. Navel County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next 14 years before leveling off at 6 percent into perpetuity. The required return on the companys stock is 13 percent. If the dividend per share just paid was $1.97, what is the stock price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Find Stock price$_________________