A stock just paid a dividend of $2.88. The dividend is expected to grow at 26.01% for five years and then grow at 3.32% thereafter. The required return on the stock is 13.50%. What is the value of the stock?

The market price of a stock is $24.37 and it just paid a dividend of $1.71. The required rate of return is 11.60%. What is the expected growth rate of the dividend?