Assume that the average firm in C&J Corporation's industry is expected to grow at a constant rate of $5\%$ and that its dividend yield is $7\%.$ C&J is about as risky as the average firm in the industry and just paid a dividend $($D$0)$ of $$1.$ Analysts expect that the growth rate of dividends will be $50\%$ during the first year $($g$0,1=50\%)$ and $20\%$ during the second year $($g$1,2=20\%).$ After Year $2,$ dividend growth will be constant at $5\%.$ What is the required rate of return on C&J$\text{'}$s stock? What is the estimated intrinsic price per share? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number.

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