Was able to figure out the first part but now I cant seem to figure out the second part.

A stock you are evaluating just paid an annual dividend of $2.30. Dividends have grown at a constant rate of 1.6 percent over the last 15 years and you expect this to continue. ints a. If the required rate of return on the stock is 12.4 percent, what is its fair present value? value be four years from today? (For all requirements, do not round intermediate calculations. Round your 8005337 b. If the required rate of return on the stock is 154 percent, what should the fair answers to 2 decimal places. (e-g., 32.16) 8 Answer is complete but not entirely correct. a. Fair present value Expecled far value 21.64 18.04 b