The Jackson$-$Timberlake Wardrobe Company just paid a dividend of $$1\mathrm{.}52$ per share on its stock. The dividends are expected to grow at a constant rate of $6$ percent per year indefinitely.

a$.$ If investors require a return of $14$ percent on the company's stock, what is the current price?

$$20\mathrm{.}14$

$$20\mathrm{.}54$

$$19\mathrm{.}74$

$$19\mathrm{.}00$

$$7\mathrm{.}60$

b$.$ What will the price be in $7$ years?

$$30\mathrm{.}28$

$$30\mathrm{.}89$

$$29\mathrm{.}68$

$$28\mathrm{.}57$

$$11\mathrm{.}43$