please answer both questions and show all work

QUESTION 10

The Francis Company is expected to pay a dividend of D1= $2.35 per share at the end of the year, and that dividend is expected to grow at a constant rate of 4.40% per year in the future. The company's beta is 1.15, the market risk premium is 9.00%, and the risk-free rate is 2.50%. What is the company's current stock price?

QUESTION 13

Ryan Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 14.0%, and the FCFs are expected to continue growing at a 6.0% rate after Year 3. The company has $100 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock?

Year	1	2	3
FCF	$25.0	$35.0	$55.0