need help with both questions and answer a & b please for question 1

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Anle Corporation has a current stock price of $20.85 and is expected to pay a dividend of $0.85 in one year. Its expected stock price right after paying that dividend is $22.76. a. What is Anle's equity cost of capital? b. How much of Anle's equity cost of capital is expected to be satisfied by dividend yield and how much by capital gain? a. What is Anle's equity cost of capital? Anle's equity cost of capital is \%. (Round to two decimal places.) Assume Highline Company has just paid an annual dividend of $1.04. Analysts are predicting an 11.1% per year growth rate in eamings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of 4.9% per year. If Highline's equity cost of capital is 7.6% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell? The value of Highline's stock is \$ (Round to the nearest cent.)