CX Enterprises has the following expected dividends: $1.11 in one year, $1.17 in two years, and $1.34 in three years. After that, its dividends are expected to grow at 4.1% per year forever (so that year 4's dividend will be 4.1% more than $1.34 and so on), if CX's equity cost of capital is 11.8%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent) Shatin Int has 9.7 million shares, an equity cost of capital of 12.9% and is expected to pay a total dividend of $20.5 million each year forever. It announces that it will increase its payout to shareholders. Instead of increasing s dividend, it will keep it constant and will start repurchasing $0.8 million of stock each year as well. What is your estimate of Shatin's stock price after this announcement? The stock price will be $(Round to the nearest cent.)