Miles Hardware has an annual cash dividend policy that raises the dividend each year by 10.00%. Last year's dividend was $1.45 per share. Investors want a 18% return on this stock. What is the price of this stock if

a. the company will be in business for five years and not have a liquidating dividend (there is no selling price - stock simply cease to exist with no value then)?

a. What is the price of this stock if the company will be in business for five years and not have a liquidating dividend (there is no selling price - stock simply cease to exist with no value then)?