Thomas Brothers is expected to pay a $1.21 per share dividend at the end of the year. The dividend is expected to grow at a constant rate of 2.2% each year. The required rate of return is 6.9%. What is the stocks intrinsic value (P0)? Enter you answer as a number with two decimal places of precision. Do not enter dollar signs or commas.

Weber Bungee Cords Inc. has perpetual stock outstanding that pays a dividend of $5.1 at the end of each year. The required rate of return on this stock is 3.8%. What is the stocks intrinsic value?

Enter your answer as a number with two decimal places of precision (i.e. 1.23).

Do not enter dollar signs or commas.