Fortress of Solitude Co$.$ expects an earnings p$$r share of $$1\mathrm{.}46$ and reinvests $45\%$ of its earnings. Management projects a rate of return of $4\%$ on new projects and investors expect a $9\%$ rate of return on the stock. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below rounded to $2$ DECIMAL PLACES.

Correct response: $1\mathrm{.}8+-0\mathrm{.}01\%$

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Given a sustainable growth rate of $1\mathrm{.}8\%,$ what is the price of the stock with growth?

Enter your response below rounded to $2$ DECIMAL PLACES.

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