Accounting

A company currently pays a dividend of $4 per share, D
0 = 4. It is estimated that the company’s dividend will grow at a rate of 20% percent per year for the next 2 years, then the dividend will grow at a constant rate of 5% thereafter. The company’s stock has a beta equal to 1.3, the risk-free rate is 8 percent, and the market risk premium is 4 percent. What is your estimate is the stock’s current price? Round your answer to the nearest cent  =__________

Brushy Mountain Mining Company’s ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs are rising. As a result, the company’s earnings and dividends are declining at the constant rate of 8% per year. If D
0 = $2 and r
s = 13%, what is the value of Brushy Mountain Mining’s stock? Round your answer to the nearest cent= __________