If the company's dividend is projected to be $1.64 next year and thereafter the dividends are expected to grow at 3.5%, what is the estimated value of the stock using a dividend discount model? Assume a required rate of return of 9%. Circle your answer and show your calculations. Te = 0.09 Constats 035 1158 (1+0.035) 0.05-0.035 29.7327 158+23.7324 (1+0.09) 18.671 D. Assuming that the stock is currently trading for $30 per share, what is the implied return required by investors based on the information in Part C? Circle your answer and show your calculations. Poz 30 .1.58+ 29.732 (1+x) - 30 770.00716 3