A) ABC. Inc just paid a dividend of $49.93 per share. The dividends are expected to increase by 7% each year. The required rate of return on the stock is 19%. What is the stock's expected price 13 years from today (i.e., what is P₁₃)?

B)Suppose a company is expected to pay a dividend of $10.23 next year. The dividend is expected to grow at 3.62% each year. If the stock is currently selling for $244.35, what is the required rate of return on the stock?

Enter your answer as a percentage rounded off to two decimal points.