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 8%. C\&J is about as risky as the average firm in the industry and just paid a dividend (D0) of $1. Analysts expect that the growth rate of dividends will be 50% during the first year ( g0,1=50% ) and 20% during the second year (g1,2=20%). After Year 2, dividend growth will be constant at 5%. What is the required rate of return on C\&J's stock? What is the estimated intrinsic price per share? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number. rs:P0:$