You are considering purchasing a vehicle in three years. You currently have $11,000 in an investment account that you believe will earn a 5% rate of return (APR). You would like to make monthly additions to the account so that you can purchase an $18,000 vehicle in three years.

 How much must you set aside at the end of each month to reach your goal?

You are considering purchasing shares of stock in Firm A. The firm has publicly announced plans to pay out 30% of earnings in the form of dividends at the end of each year moving forward and you believe this is a good projection. You estimate their earnings for this year and the following three years to be $2 per share, $3 per share, $4 per share, and $5 per share, respectively. Following this period, you will assume constant growth at the sustainable growth rate. They will maintain a 30% payout rate and you believe they can earn a return of 12.4% on any new projects they invest in. 

What would your estimated price per share be for this firm if your required rate of return is 10.6%?