You intend to purchase Dorchester common stock at $58.00 per share, hold it for 1 year, then sell it after a dividend of $5.00 is paid. To what value would the stock price have to increase in order for you to satisfy your required rate of return of 14%

Herrera Motor, Inc. paid a $3.10 dividend last year. At a constant growth rate of 5 percent, what is the value of the common stock if the investors require a 15 percent return on investment?