(Common stock valuation) Dalton Inc. has a return on equity of 11.8 percent and retains 53 percent of its earnings for reinvestment purposes. It recently paid a dividend of $3.00 and the stock is currently selling for $42. a. What is the growth rate for Dalton Inc.? b. What is the expected return for Dalton's stock? c. If you require a 13 percent return, should you invest in the firm? a. What is the growth rate for Dalton Inc.? % (Round to two decimal places.)