1. Wyatt oil presently pays no dividend. You anticipate Wyatt Oil will pay an annual dividend of $0.56 per share two years from today and you expect dividends to grow by 4% per year thereafter. If Wyatt Oil's cost of capital is 12%, then what is the value of a share of Wyatt oil today?
2. You have just taken out a $ 30000 car loan with a 8 % ?APR, compounded monthly. The loan is for five years. When you make your first payment in one? month, how much of the payment will go toward the principal of the loan and how much will go toward? interest? ?(Note: Be careful not to round any intermediate steps less than six decimal? places.)