Common stock value-Constant growth McCracken Roofing, Inc., common stock paid a dividend of $1.02 per share last year. The company expects earnings and dividends to grow at a rate of 9% per year for the foreseeable future. What required rate of return for this stock would result in a price per share of $20? What required rate of return for this stock would result in a price per share of $20? % (Round to two decimal places.)