12. Problem 8-03 (Constant Growth Valuation) Constant Growth Valuation Woldthe Manufactring's stock currently sells for $24 a share. The stock just paid a dividend of $1.40 a share (i.e., Do = $1.40), and the dividend is expected to grow forever at a constant rate of 8% a year. What stock price is expected 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent. 5 What is the estimated required rate of retum on Woldtke's stock? Do not round intermediate calculations. Round the answer to two decimal places. (Assume the market is in equilibrium with the required retum equal to the expected retum.) 12. Problem 8-03 (Constant Growth Valuation) Constant Growth Valuation Woldthe Manufactring's stock currently sells for $24 a share. The stock just paid a dividend of $1.40 a share (i.e., Do = $1.40), and the dividend is expected to grow forever at a constant rate of 8% a year. What stock price is expected 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent. 5 What is the estimated required rate of retum on Woldtke's stock? Do not round intermediate calculations. Round the answer to two decimal places. (Assume the market is in equilibrium with the required retum equal to the expected retum.)