Common stock value - Constant growth McCracken Roofing, Inc, common stock paid a dividend of $1.38 per share last year. The company expects earnings and dividends to grow at a rate of 6% per year for the foreseeable future a. What required rate of return for this stock would result in a price per share of $20 ? b. If McCracken expects both earnings and dividends to grow at an annual rate of 11%, what required rate of return would result in a price per share of $20 ? a. The required rate of return for this stock, in order to result in a price per share of $20, is \%. (Round to two decimal places)