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(Common stoek, valuation) The comrivon stock of NCP paib $1.46 in dividends last year, Dividends are expected to grow at an annual rate of 8

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(Common stoek, valuation) The comrivon stock of NCP paib $1.46 in dividends last year, Dividends are expected to grow at an annual rate of 8 .00 percant for an indefinte number of years. a. If your requiced rete of return is 10.20 percent, what is the value of the stock for you? b. Shouls yeu make the inverstment? a. It your required rate of retum is 10.20 percent, the value of the stock for you is 1 (Round to the nearest cent)

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