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9 Cougar Auto is expecting its earnings and dividends to grow at a rate of 19% over the next 5 years. After the period, the

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9 Cougar Auto is expecting its earnings and dividends to grow at a rate of 19% over the next 5 years. After the period, the firm is expecting to grow at the industry average of 5% indefinitely. If the firm recently paid a dividend of $1.25, and the required rate of return is 12%, what is the most you should pay for this company's stock? Round to the nearest cent. Do not include the dollar sign in your answer. (i.e. If your answer were $1.23, then type 1.23 without a $ sign) 10 Cougar Software, a fast-growing clothier, just paid a dividend of $1.64. Analysts project annual dividend growth to be 20% for the next 4 years, and then 5% thereafter. If investors' required rate of return is 8%, what should the price of the stock be? Round to the nearest cent. Do not include the dollar sign in your answer. (i.e. If your answer were $1.23, then type 1.23 without a $ sign)

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