Clarion Corp. has been selling electrical supplies for the past 20 years. The company's product line has changed very little in the past five years, and the company's management does not expect to add any new items for the foreseeable future. Last year, the company paid a dividend of 4.45 to its common stockholders. The company is not expected to increase its dividends for the next several years. If your required rate of return for such firms is 10.4 percent, what is the current value of this company's stock? Round to 2 decimal places. Merriweather Manufacturing Company has been growing at a rate of 4.0 percent for the past two years, and the CEO expects the company to continue to grow at this rate for the next several years. The company paid a dividend of 2.20 last year. If your required rate of return is 16. 8 percent, what is the maximum price that you would be willing to pay for this company's stock? Round to 2 decimal places