not sure about this one and the part a / b

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.24 per share on its stock. The dividends are expected to grow at a constant rate of 8 percent per year indefinitely. a. If investors require a return of 13 percent on the company's stock, what is the current price? b. What will the price be in 14 years