44. Assume that the current market price of Zigi, Inc, stock is $59.54. If Zigi, Inc. just paid a dividend of $4.57 per share (i.e., D0=4.57 ), and if investors expect that the company's dividends will grow at an annual rate of 2.47% forever, then Zigi, Inc.'s required rate of return is \%. (Record your answer rounded to I decimal place: for example, record 18.296549 as 18.3). 45. Phillips, Inc. just paid a dividend of $3.25 per share on its common stock (that is, D0=3.25 ). Investors expect the dividend to grow at 45% in years 1 and 2, they expect the dividend to grow at 25% in year 3 and they expect that all future dividends (that is, dividends in years 4,5, infinity) to grow at a constant rate of 5% per year. If the cost of capital for Phillips, Inc. stock is 18%, what is the current price of the stock