Tattletale News Corporation has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years.

If the last dividend paid was $4, what will the next dividend be?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

If the discount rate is 19% and the steady growth rate after 3 years is 2%, what should the stock price be today?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.