Holtzman Clothiers's stock currently sells for $32.00 a share. It just paid a dividend of $3.00 a share (i.e., D₀ = $3.00). The dividend is expected to grow at a constant rate of 9% a year.

What stock price is expected 1 year from now? Round your answer to two decimal places. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %