The company stock fo Salazar Insurance currently pays a contact annual dividend of $6.90 Per share. what is one share of this stock worth at a discount rate of 13 percent? (Do not round to intermediate calculation and round your answer to 2 decimal places e.g., 32.16)

Salazar Insurance decides to change their dividend policy and are expected to increase dividends by 4.3 percent annually the price of one share of this stock at the required rented of 13 percent. Assume the last dividend paid is $6.90

Unlike Salazar Insurance, Altitude group does not pay dividends, However, this company has earnings per share of $5.40 and the benchmark PE is 12 times. What stock price would you consider appropriate?