Q$1)$Express Surgery Center's $($ESC$)$ preferred stock, which has a par value equal to $$250$ per share, pays an annual dividend equal to $8$ percent of the par value. If investors require a $10$ percent return to purchase ESC's preferred stock, what is the stock's market value? Do not round intermediate calculations. Round your answer to the nearest cent? Q$2)$Suppose your company is expected to grow at a constant rate of $8$ percent long into the future. In addition, its dividend yield is expected to be $9$ percent. If your company expects to pay a dividend equal to $$1\mathrm{.}26$ per share at the end of the year, what is the value of your firm's stock? Round your answer to the nearest cent?