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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

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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 7 $1.10 $1.22 $1.35 $1.50 $1.67 $1.85 $2.05 The company will then have a constant dividend of $2.30 forever. What is the stock's price today if an investor wants to earn a. 14%? b. 22%? a. What is the stock's price today if an investor wants to earn 14%? $(Round to the nearest cent.) b. What is the stock's price today if an investor wants to earn 22%? (Round to the nearest cent.)

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