Kungworks recently paid a $4 dividend per share to its common shareholders. The present risk-free rate of return is 4%, and the required rate of return on the market portfolio is 12%. Kungworks' common stock beta is 1.16. if investors expect Kungwork's dividend per share to grow at a rate of 3% per year, what is the present price of the companys common stock? (Use both CAPM and constant growth model).

Investors expect dividends to grow 20% per year for the next two years, 15% during the third year, and 7% per year thereafter. Their most recent dividend was $2 per share. The investors required rate of return is 10%. What is the current market price of their stock?

*use TVM calculator if possible*