Bob Evans Inc. is expected to pay a dividend of $4.00 per share at the end of the year (D1 = $4.00). The stock sells for $80 per share, and its required rate of return is 15%. The dividend is expected to grow at a constant rate, g, forever. What is Bob Evans Inc's expected growth rate?

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Bob Evans Inc. is expected to pay a dividend of $4.00 per share at the end of the year (D1 = $4.00). The stock sells for $80 per share, and its required rate of return is 15%. The dividend is expected to grow at a constant rate, g, forever. What is Bob Evans Inc's expected growth rate? TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS YOU USED TO ARRIVE AT THAT