Roy's Welding common stock sells for $50.04 a share and pays an annual dividend that increases by 2 percent annually. The market rate of return on this stock is 13.8 percent. What is the amount of the last dividend paid? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

The Garden Shoppe has adopted a policy of increasing its annual dividend at a constant rate of 1.32 percent annually. The company just paid its annual dividend of $2.86. What will the dividend be nine years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)