Global Logistics just announced it is increasing its annual dividend to $1.36 next year and will increase that dividend by 1.85 percent annually thereafter. How much will one share of this stock be worth ten years from now if the required rate of return is 14.4 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Southern Markets recently paid an annual dividend of $1.21 on its common stock. This dividend increases at an average rate of 2.9 percent per year. The stock is currently selling for $20.33 a share. What is the market rate of return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)