DT Industries stock is valued at $55 a share. The firm pays annul dividends at an increasing rate of 3.5% annually. Next years dividend will be $3.05 per share. What is the required return on this stock?

The Back Room just paid an annual dividend of $1.65 per share and is currently trading at $15.45 per share. The firm expects to pay dividends forever and to increase the dividend at a constant growth rate of g%. What is the expected value of this stock seven years from now if the discount rate is 14%?