(Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as follows: D₁=$1.3, D₂=$2.3, D₃=$4.4. The stock price of the company is estimated to be $65.5 at the end of three years. The rate of return for similar-risk common stock is 15%. Then the value of Hodges common stock is $Answer ( ). (Please keep two decimal numbers in the answer.

(Non-constant growth)Pettyway Corps next annual dividend (D₁) is expected to be $4. After that, the growth rate in dividends over the next three years is forecasted at 17%. And after that, Pettyways growth rate in dividends is expected to be 2.3%. The required return is 6.7%. Then the value of the stock is $ ( )