CDB stock is currently priced at $46.96. The company will pay a dividend of $5.32 next year and investors require a return of 8.59 percent on similar stocks. What is the dividend growth rate on this stock? write your answer in percentage.

Moving to another question will save this response Question 16 of 17 Question 16 2 points Awal Co has a proposed project that will generate sales of 1400units annually at a seting price of $24 each. The fixed costs are $14570 and the valable ones per unit are 7.72. The project requires $29378 of fixed assets that will be depreciated on a straight-line basis to a zero book value over the 7-year the of the project. The salvage value of the fixed assets is $0,100 and the box rate is 211 percent. What is the operating cash flow