15. Problem 8-12 (Nonconstant Growth Stock Valuation) Nonconstant Growth Stock Valuation Assume that the average firm in your company's industry is expected to grow at a constant rate of 4% and that its dividend yieid is 5%. Your company is about as risky as the average firm in the industry and just paid a dividend (D0) of $2.25. You expect that the growth rate of dividends will be 50% during the firt year (95. =50% ) and 30% during the secand year (9,2=30% ). After Year 2 , dividend arowth will be constant at 4%. What is the required rate of return on your company's stock? What is the estimated value per char of your firmis stock? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number