Please make sure the answer is correct and explain how you got it, thanks!

In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five years or so. then find the "terminal" stock price using a benchmark PE ratio. Suppose a company just paid a dividend of $128. The dividends are expected to grow at 13 percent over the next five years in five years, the estimated payout ratio will be 35 percent and a benchmark PE wil be 23. The required return is 11 percent. a. What is the target stock price in five years? Note: Do not round intermediate calculations and round your answer to 2 decimol places, e.9.; 32.16 . b. Whot is the stock price today? Note: Do not round intermediate calculations and round your answer to 2 decimol ploces, e.9., 32.16