University Hospital's current stock price is $24, and its last dividend was $1

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University Hospital's current stock price is $24, and its last dividend was $1.89. University Hospital has a very strong financial position, so its required rate of return is 14%, and dividends are expected to grow at a constant rate in the future.

Create an Excel workbook with two tabs in which you answer/solve the following:

1. What is the constant growth rate of University Hospital's stock?

2. Given the growth rate in #1, what is University Hospital's expected stock price in five years?