Suppose the free cash flow to the firm is expected to be $1 mil for year 1 and $2 mil for year 2. Then it is expected to grow at a rate of 5% per year. Assume WACC = 11%. If 500,000 shares of stock are outstanding, what is the predicted price of this stock if the firm has $5 mil of debt? Round your answer to two decimal places and enter it without the dollar sign.

Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2, a dividend in year 2 of $3, and a dividend in year 3 of $4. After year 3, dividends are expected to grow at the rate of 3% per year. An appropriate required return for the stock is 12%. Using the two-stage DDM, the stock should be worth $__________ today. (Round your answer to two decimal places.)