Pharmecology just paid an annual dividend of $1.55 per share. It's a mature company, but future EPS and dividends are expected to grow with inflation, which is forecasted at 3.75% per year. The nominal cost of capital is 10.50%. a. What is Pharmecology's current stock price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What would be Pharmecology's current stock price using forecasted real dividends and a real discount rate? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Company Z-prime's earnings and dividends per share are expected to grow by 4% a year. Its growth will stop after year 4 . In year 5 and afterward, it will pay out all earnings as dividends. Assume next year's dividend is $2, the cost of equity is 12%, and next year's EPS is $9. What is Z-prime's stock price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Answer is complete but not entirely correct