(Common stock valuation) Dalton inc. has a return on equity of 12.3 percent and retains 53 percent of its earnings for reinvestment purposes. It recently paid a dividend of $3.50 and the stock is currently selling for $44 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)