company earned $7 per share in the year that just ended. The company has no more growth opportunities. The company has an 11 percent return on equity and an 11 percent cost of equity. Do not round intermediate calculations. Round your answers to the nearest cent.

What is the stock worth today? $

What if the company was expected to earn $7.50 next year and then never grow again? Assuming that their return on equity and cost of equity didn't change, what would the stock be worth today? $