7.) Von Bora Corporation (VBC) is expected to pay a $ 3.00 dividend at the end of this year. If you expect VBC's dividend to grow by 6% per year forever and VBC's equity cost of capital is 10%, then the value of a share of VBS stock is closest to:

8.) NoGrowth Industries presently pays an annual dividend of $ 1.00 per share and it is expected that these dividend payments will continue indefinitely. If NoGrowth's equity cost of capital is 8%, then the value of a share of NoGrowth's stock is closest to: