Having trouble with B.

(Common stock valuation) Dalton Inc. has a return on equity of 11.6 percent and retains 55 percent of its earnings for reinvestment purposes. It recently paid a dividend of $3.50 and the stock is currently selling for $38. a. What is the growth rate for Dalton Inc.? b. What is the expected return for Dalton's stock? c. If you require a 12 percent return, should you invest in the firm? ... a. What is the growth rate for Dalton Inc.? 6.38 % (Round to two decimal places.) b. What is the expected return for Dalton's stock? 15.69 % (Round to two decimal places.)