ABR #8)

(A) Calculate the required rate of return (assume the market risk premium is 9.2 percent, the risk-free rate is 3.2 percent, and the beta is 1.28). (Round answer to 2 decimal places, e.g. 11.36%.) = 14.98%

(B) Calculate the price of WRM based on the current dividend of $1.37 and a dividend growth rate of 4.2 percent. (Round intermediate calculations to 5 decimal places, e.g. 21.36125 and the final answer to 2 decimal places, e.g. 21.36.)

= ??