Thanks in advance. Will Upvote

Brian Lee is interested in buying the stock of First National Bank. While the bank's management expects no growth in the near future, Brian is attracted by the dividend income. Last year the bank paid a dividend of $5.81. If Brian requires a return of 18 percent on such stocks, what is the maximum price he should be willing to pay for a share of the bank's stock? (Round answer to 2 decimal places, e.g. 15.25.) Sheridan, Inc., is expected to grow at a constant rate of 6.50 percent. If the company's next dividend, which will be paid in a year, is $1.97 and its current stock price is $22.35, what is the required rate of return on this stock? (Round intermediate calculations to 4 decimal places, e.g. 1.5325 and final answer to 2 decimal places, e.g. 17.54\%.) Rate of return %