Common stock value-Constant growth McCracken Roofing, Inc., common stock paid a dividend of $1.41 per share last year. The company expects during and dividends to grow at a rate of 7% per year for the foreseeable future. a. What required rate of return for this stock would result in a price per share of $24? b. If McCracken expects both earnings and dividends to grow at an annual rate of 11%, what required rate of retum would result in a price per share of $347 a. The required rate of return for this stock, in order to result in a price per share of $24. 1. %. (Round to two decimal places) b. The required rate of return for this stock, in order to result in a prion per share of $24. s % (Round is two decima places)