Five years ago you took out a 30-year fixed $300,000 mortgage with monthly payments and an APR of 8%, compounded monthly. You have made the normal payments in full, and, this morning, after making a normally scheduled payment, you are paying off the balance by taking out a new 30-year fixed mortgage at a lower APR of 6% (with monthly compounding). How much will each monthly payment be? (Hint: first step is to calculate the balance still owed on the first loan). Garlic Galore, Inc. just paid a quarterly dividend of $0.30. Future dividends are forecast to grow at 1% per quarter, forever. If the firm's equity cost of capital is 5% per quarter, what should be the price of one share of stock? Include a timeline to help organize your work