CMD Corporation plans to issue a dividend next year of $1.00, then in year 2 a dividend of $1.75, then in year 3 a dividend of $2.00, then in year 4 a dividend of $2.15, at which time the dividend will grow thereafter at a relatively constant rate of 1.75% for the foreseeable future. The companys weighted average cost of capital is 8.5%.

1. The horizon value of CMD Corporation common stock at year 4 is $_______.

2. The current intrinsic value of CMD common stock is $______.