7) Pharsalus Inc. just paid a dividend (i.e., D0) of $ 4.10 per share. This dividend is expected to grow at a rate of 7.9 percent per year forever. The appropriate discount rate for Pharsalus's stock is 14.1 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).

8) The stock of Robotic Atlanta Inc. is trading at $ 36.18 per share. In the past, the firm has paid a constant dividend (i.e., g = 0) of $ 4.23 per share and it has just paid an annual dividend (i.e., D0 = 4.23 ). However, the company will announce today new investments that the market did not know about. It is expected that with these new investments, the dividends will grow at 7.9 % forever. Assuming that the discount rate remains the same, what will be the price of the stock after the announcement? (Round your answer to 2 decimal places and record your answer without dollar sign or commas).