Answer the following question: 

1. Using the past dividend payout information between 2011 and 2015, compute the growth rate (g) for these companies. Show me how you compute growth rates.

2013------ 2014-------2015-------2016---------2017

Walmart 0.88 ---1.92-- 1.96 ----2 ---1.53

Apple 11.8----7.28-- 2.03 ---2.23---2.46

2. First, let's assume that required return (R) is 10% for all these companies. Using R, dividend information, and growth rate (g) from the question 1, compute the stock prices of these companies. Second, let's assume that required return (R) is 20% for all these companies. Using R, dividend information, and growth rate (g) from the question 1, compute the stock prices of these companies. Show me how you compute estimated stock prices for these companies.