$($Common stock valuation$)$ The cornmon stock of NCP paid $$1\mathrm{.}25$ in dividends last year. Dividends are expected to grow at an annual rate of $7\mathrm{.}80$ percent for an indefinite number of ye

a$.$ If NCP$\text{'}$s current market price is $$25\mathrm{.}58$ per share, what is the stock's expected rate of return?

b$.$ If your required rate of retum is $9\mathrm{.}8$ percent, what is the value of the stock for you?

c$.$ Should you make the investment?