Mario is considering purchasing the stock of Pepsi Cola because he really loves the taste of Pepsi. What should Mario be willing to pay for Pepsi today if it is expected to pay a $2 dividend in one year and he expects dividends to grow at 5 percent indefinitely? Mario requires a 12% return to make this investment. Nicole's Fashions recently paid a $2 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually for the two years after that, and then at 6 percent annually thereafter. Based on this information, how much should Nicole's Fashions common stock sell for today if the required return is 10.5%