One of the options is delta airlines they have paid an annual dividend of $4.61 for the past 25 years and we expected them to continue this indefinitely assuming the market requires a 13.2% return from delta what is the value of a share of stock (answer with two decimals)

Hence, value of a share of stock is $34.92 PART B And what if we assumed they would start increasing their dividend by 3.4% per year? what would be a fair price to pay in that scenario? (answer with two decimals