A preferred stock from Hecla Mining Company (HLPRB) pays $270 in annual dividends. If the required rate of return on the preferred stock is 6.6 percent, what is the fair present value of the stock? (Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value Financial analysts forecast L Brands (LB) growth for the future to be 13 percent. LB's most recent annual dividend was $2.00. What is the fair present value of L Brands's stock if the required rate of return is 16.1 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g. 32.16)) Fair present value