In early $2022,$ Coca$-$Cola Company $($ KO $)$ had a share price of $\backslash (\backslash$$ $62\mathrm{.}99\backslash ),$ and had paid a dividend of $\backslash (\backslash$$ $1\mathrm{.}51\backslash )$ for the prior year. Suppose you expect Coca$-$Cola to raise this dividend by approximately $\backslash (5\mathrm{.}1\backslash \%\backslash )$ per year in perpetuity.

a$.$ If Coca$-$Cola's equity cost of capital is $\backslash (7\mathrm{.}9\backslash \%\backslash ),$ what share price would you expect based on your estimate of the dividend growth rate?

b$.$ Given Coca$-$Cola's share price, what would you conclude about your assessment of Coca$-$Cola's future dividend growth?

a$.$ If Coca$-$Cola's equity cost of capital is $\backslash (7\mathrm{.}9\backslash \%\backslash ),$ what share price would you expect based on your estimate of the dividend growth rate?

Coca$-$Cola's price per share should be $\backslash (\backslash$$ $\backslash ).($Round to the nearest cent.$)$