Constant Dividend Growth Valuation

Woidtke Manufacturing's stock currently sells for $$37$ a share. The stock just paid a dividend of $$1\mathrm{.}60$ a share $($i$.$e$.,$ D$0=$ $$1\mathrm{.}60),$ and the dividend is expected to grow forever at a constant rate of $9\%$ a year. What stock price is expected $1$ year from now? Do not round intermediate calculations. Round your answer to the nearest cent.

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What is the estimated required rate of return on Woidtke's stock $($assume the market is in equilibrium with the required return equal to the expected return$)?$ Do not round intermediate calculations. Round the answer to two decimal places.

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