7)The next dividend payment by Firm C will be $2.24 per share. The dividends are anticipated to maintain a 2.4 percent growth rate, forever. If the stock currently sells for $34.28 per share, what is the required return? Express your answer as a percentage and round to four decimal places (e.g., 15.83% = 0.1583).

8)Firm S stock currently sells for $25.12 per share. The market requires a 16 percent return on the firm's stock, and the dividend to be paid one year from now is $1.48.The company maintains a constant growth rate in dividends.What is this growth rate?Express your answer as a percentage and round to four decimal places (e.g., 15.83% = 0.1583).