Imprudential, Inc., has an unfunded pension liability of $576 million that must be paid in 25 years. To assess the value of the firms stock, financial analysts want to discount this liability back to the present.

If the relevant discount rate is 6.9 percent, what is the present value of this liability?(Enter your answer in dollars not inmillions. Do not round intermediate calculations and round your finalanswer to 2 decimal places. (e.g., 32.16))

What is the present value?

Siblings, Inc., is expected to maintain a constant 3.6 percent growth rate in its dividends, indefinitely. The company has a dividend yield of 5.4 percent.

What is the required return on the company's stock?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))