Holtzman Clothiers's stock currently sells for $$31\mathrm{.}00$ a share. It just paid a dividend of $$1\mathrm{.}50$ a share $($i$.$e$.,D_0=$$$1\mathrm{.}50).$ The dividend is expected to grow at a constant rate of $8\%$ a year.

What stock price is expected $1$ year from now? Round your answer to the nearest cent.

$

What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.

$\%$