I have just 1 available posting question thats why i cant post seperately, sorry for that)

Can you please solve both of them.

I will upvote your effort!

3. Duke Ltd. does not plan to pay a dividend until year 5. Duke's expects the dividend in year five to be $1 and dividends in future years to grow at a constant rate of 5%. If the firm's risk-adjusted required rate of return is 13%, what is the value of a share of stock in the company today? 4. Initial investment is $100,000. Investment income in year 1: $30,000; in year 2: $40,000; in year 3: $42,000; in year 4: $35,200. Define the PP of the investment. Do we accept or reject the project