Brown Inc.'s annual dividends are indicated below. Find the required rate of return for this stock, assuming the tre dividend growth rate will remain the same and the company has an infinite horizon Assume the January 1, 2011 price of the stock was $36.00. What was the required return for Brown Inc.'s stock? Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Dividend $0.90 $0.99 $1.04 $1.14 $1.20 $1.26 $1.39 $1.46 $1.61 51.77 What was the estimated annual required return for Brown Inc's stock? % (Round to two decimal places)