please answer question (2)

Q1: A common stock just paid an annual dividend per share of $2.10. The risk-free rate is 7% and the risk premium is 4%.

1. (5 points) If the annual dividend is expected to remain at $2.10, what is the value of the stock?
2. (5 points) Suppose that you receive news that tells you that future dividends will grow at a 5% rate per year. How do you value the stock after you receive this information?