33. Compute how much a business is worth if it is expected to generate cash flows to its owners of $0 next year, $22,900 in two years, $34,800 in three years, then $54,000 per year for the subsequent 7 years (i.e., $54,000 per year after three years in the future and then continuing for the next 7 years until 10 years into the future), and finally generates cash inflows to its owners of $75,000 per year thereafter forever (i.e., $75,000 forever after 10 years), assuming that businesses with similar relevant risk have expected returns of 12%.

35. A stock has a price (i.e., present value of all cash flows from the stock expected by investors) of $13.00 today. It is expected to pay a dividend of $1 per share next year, $1.10 per share in the following year, $1.20 in the subsequent 7 years (i.e., pay a dividend of $1.20 in years 3 through year 9 into the future), and then be sold for $15.00 in 9 years (where that $15 represents the present value of all dividends expected after 9 years). Compute the interest rate or expected return on this stock (i.e., iterate to find the r that sets the sum of the present value of the future expected cash flows equal to the $13 present value).

please show work and formulas