need help with questions 7 and 8 please

Question 7 (1 point) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $3.70. You believe that dividends will grow at a rate of 20.0% per year for years one and two, 11.0% per year for years three and four, and then at a rate of 10.0% per year thereafter. If you expect an annual rate of return of 22.0% on this investment, what is the most you would pay for the stock now? $37.04 $43.94 $46.83 O $54.08 $40.60 Question 8 (1 point) You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $8.00 million last year. You project that free cash flow will grow at a rate of 7.0% per year indefinitely. The firm currently has outstanding debt and preferred stock with a total market value of $13.88 million. The firm has 1.36 million shares of common stock outstanding. If the firm's cost of capital is 21.0%, what is the most you should pay per share for the stock now? O $47.26