Question 21 (3 points) During the past 7 years. Tigerer flippin's earnings have grown from $0.78 to $1.95 per share. If the past growth rates are expected to continue into the future, what is the current value of Flippin's common stock to an investor who requires a 16% rate of return? $97.50 $13.93 $48.50 $111.15 Question 22 (3 points) Timbuktoo Limited a diamond trading firm has an abnormal growth rate of 14% for the next two years due to its new diamond mine. Thereafter it should level toan 8% growth rate. The last dividend paid was $0.65 per share. What price should the stock sell for if investors require 12% return. $22.75 $18.14 $20.16 $19.47