Please show your work 2 seperate questions.

Bayou Okra Farms just paid a dividend of $3.00 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely. Investors require a return of 11 percent for the first three years, a return of 9 percent for the next three years, and a return of 7 percent thereafter. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $9 annual dividend in perpetuity, beginning 6 years from now.

Required :

If the market requires a 12 percent return on this investment, how much does a share of preferred stock cost today?

A)44.68

B)40.43

C)42.56

D)38.00

E)75.00