financial management

2019 Value $6.2 Consider the following information which relates to a given company Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $39.85 $61.44 227 $4.31 million million Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.68% in the future, or possibly 7.24% for the next 2 years and 5.28% thereafter. In addition, it is expected that the risk of the form, as measured by the risk premium on its stock, to increase immediately from 8.01% to 10.06%. Currently, the risk free rate is 5.23% Required: Determine the current required return for the firm's stock (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)