The price for a share of GDL today is $59.79. You expect the company to have profits of $4.52 per share next year. If you require a 14% return to invest in GDL, what constant growth rate is necessary to justify the current share price? Round all your calculations to at least 4 decimals. Enter your answer as a decimal (NOT a percent) and round to 4 decimals. For example 0.1234. For your retirement, Glenn's Discount Bank has offered to sell you an annuity today that will pay you $39,000 per year for 22 years. If you can earn 7% per year on your savings, what is the most you would be willing to pay the bank today? Answer to 2 decimal places, for example 100.21