Enchancia Incorporated has common stock that is expected to grow at a rate of 25% over the next year. After this first year, it will stabilize to a 3% long- term growth rate. If the dividend just paid was $1.07 and the required rate of return on the stock is 9%, what is the value of the stock today (to 2 decimals)? American Standard Corp. (AS) offers the following returns next year. What is the expected rate of return? (round to two decimals. Your answer should be in the form (##.## %) and should include a negative if appropriate) Scenario Probability AS returns Boom 30% -9% Normal economy 40% -5% Recession 30% 10%