Jenny Banks is interested in buying the stock of Fervan, Inc., which is increasing its dividends at a constant rate of 9.5 percent. Last year the firm paid a dividend of $2.65. The required rate of return is 17.0 percent.

What is the current value of this stock? (Do not round intermediate calculations. Round answer to 2 decimal places, e.g. 15.25.)

Current value -?

What should be the price of the stock in year 5? (Do not round intermediate calculations. Round answer to 2 decimal places, e.g. 15.25.)

Price of stock -?