question 15 and 16

Kalaki Inc just paid a $3.00 dividend and the company is expected to grow at 4% long into the future. If you require a return of 9% what would you be willing to pay for a share of this company's stock? 1. What is the stocks's intrinsic value? Round your answer to 2 decimals. No $ sign. $ 2. The stock is currently selling at $79 a share. Would you purchase this company's stock? (Assume that a share is worth buying when its estimated value is greater or equal to 120% of the market price.) Yes or No (think of why you chose your answer.) QUESTION 16 Hitialing, Inc, had paid dividend of $2.10 per share for the last several years. Due to a new marketing campaign, it is expected the dividend will grow by 5.5% per year from now on. What is the most you would be willing to pay for a share of this stock if you expect a 15% return on your stock investments? Round the answer to two decimal places. Your answer will have 2 decimals. No $ signs