A. Quantitative Problem A: Assume today is December 31, 2019. Imagine Works Inc. just paid a dividend of $1.10 per share at the end of 2019. The dividend is expected to grow at 12% per year for 3 years, after which time it is expected to grow at a constant rate of 6% annually. The company's cost of equity (r_s) is 9%. Using the dividend growth model (allowing for nonconstant growth), what should be the price of the company's stock today (December 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent. $ ______ per share

B. Qwerty Logistics Corp.s debt has a market value of $314,381 million, and Qwerty Logistics Corp. has no preferred stock. If Qwerty Logistics Corp. has 375 million shares of common stock outstanding, what is Qwerty Logistics Corp.s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.)

a. $278.45

b. $279.45

c. $307.39

d. $838.35