Please show equations and work as needed. Also make the answer clear. Thank You.

Assume Evco, Inc. has a current stock price of $45.54 and will pay a $1.80 dividend in one year; its equity cost of capital is 11%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price? 42.85 56.81 54.78 48.75 Slow 'n Steady, Inc., has a stock price of $28, will pay a dividend next year of $3.05, and has expected dividend growth of 1.8% per year. What is your estimate of Slow 'n Steady's cost of equity capital? 14.2% O 12.7% 13.8% 9.6%