(Common stock valuation) Wayne, Inc.'s outstanding common stock is currently selling in the market for $11. Dividends of $1.56 per share were paid last year, return on equity is 17 percent, and its retention rate is 25 percent What is the value of the stock to you, given a required rate of return of 18 percent? b. Should you purchase this stock? a. Given a required rate of roturn of 18 percent, the value of the stock to you is $(Round to the nearest cent)