A stock just paid a dividend of $2.61. The dividend is expected to grow at 27.77% for three years and then grow at 3.69% thereafter. The required return on the stock is 10.98%. What is the value of the stock?

A stock just paid a dividend of $1.26. The dividend is expected to grow at 26.39% for five years and then grow at 4.42% thereafter. The required return on the stock is 12.96%. What is the value of the stock?