Facebook expects to pay its shareholders dividends of $2.31, $2.82, $3.36, $3.67 at the end of the next 4 years (i.e. the first dividend is paid at t = 1). Dividends will then grow at the rate of 2.80% for a long time thereafter. If equity cost of capital is 12.90%: [50% of marks] (a) What would be the estimated present value of the first 4 dividends? (Round to two decimal places) [50% of marks] (b) What would be the estimated value of Facebook's stock price? $ (Round to two decimal places)