9.) 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 5% per year forever and VBC's equity cost of capital is 10%, then the value of a share of VBS stock is closest to:

10.) Zoom Enterprises expects that one year from now it will pay a total dividend of $ 5.0 million and repurchase $ 5.0 million worth of shares. It plans to spend $ 10.0 million on dividends and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases. If Zoom's equity cost of capital is 13.0 % and it has 5.0 million shares outstanding, what is its share price today? The price per share is $___. (Round to the nearest cent.)