A stock just paid a dividend of $1.08. The dividend is expected to grow at 22.31% for three years and then grow at 3.30% thereafter. The required return on the stock is 12.74%. What is the value of the stock?

A stock just paid a dividend of $2.77. The dividend is expected to grow at 21.32% for five years and then grow at 3.36% thereafter. The required return on the stock is 10.80%. What is the value of the stock?