b. Calculate the required rate of return to the investor who is willing to purchase Luffy Hats Co.'s preferred stock with a $3.50 dividend, and a current market price of $63.50. (2 marks) c. Nami Orange Co.'s common share is currently selling for $180.50 per share. The company is currently paying $4.50 per share in dividends. Investors expect dividends to grow at an annual rate of 6.5% indefinitely. If you require a return of 9%, should you invest in this share? (7 marks)