can you help me out. please answer both of them. thumps up later on

Prob 24 The Lo Company earned $2.60 per share and paid a dividend of $1.30 per share in the year just ended. Earnings and dividends per share are expected to grow at a rate of 5 percent per year in the future. Determine the value of the stock. c) Given your answers to (a) and (b), how are stock prices affected by changes in investor's required rates of return