Margaret Moore is interested in buying the stock of Carla Vista, Inc., which is increasing its dividends at a constant rate of 7.4 percent. Last year the firm paid a dividend of $2.65. The required rate of return is 19.05 percent.

What is the current value of this stock? (Round answer to 2 decimal places, e.g. 15.20.)

What should be the price of the stock in year 5? (Round answer to 2 decimal places, e.g. 15.20.)