1. Far Side Corporation is expected to pay the following dividends over the next four years: $15, $13, $13, and $4. Afterward, the company pledges to maintain a constant 0.04 growth rate in dividends forever. If the required return on the stock is 0.14, what is the current share price? Answer with 2 decimals (e.g. 45.45).
2. You are given an investment to analyze. The cash flows from this investment are End of year 1. $23,040 2. $1,580 3. $24,880 4. $17,200 5. $2,050 What is the present value of this investment if 5 percent per year is the appropriate discount rate? Round the answer to two decimal places.