Holtzman Clothiers's stock currently sells for $35.00 a share. It just paid a dividend of $1.25 a share (i.e., D₀ = $1.25). The dividend is expected to grow at a constant rate of 10% 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.

_____%