Additional Problem 13-1 Lotsa Lenses paid a dividend of \$1.17 last year, and plans a dividend growth rate of 3.40% indefinitely. Lotsa's stock price is now $13.94. Required: What return can Lotsa Lenses' investors expect on their stock? (Do not round intermediate calculations, Round your answer to 2 decimal places.) Additional Problem 13-2 Required: Elk City Utility recently paid a dividend of $3.89 per share. Dividends are expected to grow at a rate of 2.70%. Elk City stock currently sells for $36.95 per share. If you were on the utility regulatory commission, what rate of return would you allow Elk City to earn? (Do not round intermediase calculations. Round your answer to 2 decimal places.)