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Mannix Corporation stock currently sells for $31 per share. The market requires a return of 11.6 percent on the firm's stock. If the company maintains

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Mannix Corporation stock currently sells for $31 per share. The market requires a return of 11.6 percent on the firm's stock. If the company maintains a constant 3.8 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 23 percent per year for the next 9 years before leveling off at 5 percent into perpetuity. The required return on the company's stock is 14 percent. If the dividend per share just paid was $1.72, what is the stock price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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