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

In proctice, 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 $1.34. The dividends. are expected to grow at 19 percent over the next five years. In five years, the estimated payout ratio will be 45 percent ond a benchmark PE will be 22 . The required return is 13 percent. 0. What is the target stock price in five years? Note: Do not round intermediote calculations and round your answer to 2 decimal places, e.9., 32.16. b. What is the stock price today? Note: Do not round intermediote calculations and round your answer to 2 decimal places, e.9., 32.16