Kindly solve step by step for both questions

uestion 7 O out of 0.5 points Last year Mac Corp. had earnings of $4 a share based upon a common share book value of $23 per share. If Mac Corp. paid a dividend of $2 last year then estimate Mac Corp.'s growth rate (in %) Selected Answer: 42% Correct Answer: 8.70 + 0.01 Question 8 O out of 0.5 points Walpurg, Inc. paid $1.4 as an annual dividend per share last year. The company is expected to increase their annual dividends by 5% each year. How much should you pay to purchase one share of this stock if you require a 8 % rate of return on this investment? Selected Answer: 1.92 Correct Answer: 49.00+ 0.01