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Fey Fashions expects the following dividend pattern over the next seven years: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year

Fey Fashions expects the following dividend pattern over the next seven years:

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 1.10 1.23 1.38 1.55 1.74 1.95 2.18

The company will then have a constant dividend of $2.50 forever. What is the stock's price today if an investor wants to earn

a.14%?

b.22%?

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