Kensington Distributors has common and preferred stock outstanding.

The preferred stock pays an annual dividend of $12 per share, and the required rate of return for similar preferred stocks is 15%. The common stock paid a dividend of $7.50 per share last year, but the company expected that earnings and dividends will grow by 15% for the next three years before dropping to a constant 10% growth rate afterward. The required rate of return on similar common stocks is 14%.

Determine the per-share value of the companys preferred and common stock