Dalton Inc. has a return on equity of $12\mathrm{.}8$ percent and retains $58$ percent of its earnings for reinvestment purposes. It recently paid a dividend of $$$$3\mathrm{.}75$ and the stock is currently selling for $$$$43.$

a$.$ What is the growth rate for Dalton$$ Inc.?

b$.$ What is the expected return for$$ Dalton's stock?

c$.$ If you require a $13$ percent$$ return, should you invest in the$$ firm?

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Part $1$

a$.$ What is the growth rate for Dalton$$ Inc.?