1. Too Green, Inc., is a young start-up company and it expects no dividends on the stock over the next 4 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $1.9 per share dividend in 5 years and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 16 percent, the current share price is $_______. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))
2. The next dividend payment (D1) by Cold Beer, Inc., will be $ 4.5 per share. The dividends are anticipated to maintain a 6 percent growth rate forever. If the stock currently sells for $ 43 per share, the required return is ______ percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45.