A firm is expected to have earnings next year of $4.84 per share and the firm is expected to pay a dividend of $2.92. Investors' required rate of return is 7%. If the sustainable growth rate is 4%, what must be the rate of return earned by the firm on its new investments? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES. Number % Consider a stock that will have price of $32.81 one year from now and pay a dividend of $2.61 in one year. The expected rate of return is 10.9%. What is the current price of the stock? Enter your response below rounded to 2 DECIMAL PLACES