please solve with workings

(d) Given the following data, calculate the value for each security. i. The current dividend paid to common stock holders of Telcon Corporation is $5 per share. Dividends are expected to grow at an annual rate of $12%. The market requires a rate of return of 18% per annum. What is the stock's current price? (2 marks) ii. What is the value of preferred stock where the dividend rate is 9% on a $100 par value? The appropriate discount rate for the stock for this level of risk is 15%. (2 marks)