A mature manufacturing firm just paid a dividend of $5.18 but management expects to reduce the payout by 4.54 percent per year, indefinitely. If you require a return of 6.33 percent on this stock, what will you pay for a share today? Answer to two decimals. You have found the following historical information for DEF Company: Year1 Year 2 Year 3 Year 4 Stock Price $58.12 $46.27 $48.51 $54.32 $2.29 $2.79 $3.32 $3.3 EPS Earnings are expected to grow at 8 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year? Answer to two decimals