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

$1.20 $1.33 $1.46 $1.64 $1.82 $2.02 $2.24

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. 16%

b. 20%