a) Roxborough Inc. just paid a dividend of $7.35 per share. The company will increase its dividend by 25 percent every year for next two years and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 10 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on Storico stock is 12 percent, what will a share of stock sell for today? b) Assuming the following ratios are constant, what is the sustainable growth rate? Total Assets turnover Profit margin Equity Multiplier Payout ratio 2.7 6.50 % 1.2 35%