Highwire Company will pay a dividend of $1.90 per share at the end of this year. Investors expect that this dividend will grow by 3.7% per year each year in the future. If its current stock price is $22.60 per share, what is Highwire's equity cost of capital?

Couch Potatoes Inc. plans to pay $0.65 per share in dividends in the coming year. If its equity cost of capital is 10.0%, and its dividends are expected to grow by 2.5% per year in the future, what is the value of Couch Potatoes' stock?