Lotsa Lenses paid a dividend of $1.09 last year and plans a dividend growth rate of 2.80% indefinitely. Lotsa's stock price is now $13.44. What return can Lotsa Lenses investors expect on their stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected return % Elk City Utility recently paid a dividend of $3.85 per share. Dividends are expected to grow at a rate of 4.50%. Elk City stock currently sells for $36.70 per share. If you were on the utility regulatory commission, what rate of return would you allow Elk City to earn? (Round your answer to 2 decimal places.) Rate of return % The common stock of Royal Ranch House is selling for $17.58. The firm pays dividends that are expected to grow at a rate of 5.00% indefinitely. Your investment horizon is 12 years. What do you estimate the price of Royal Ranch House stock will be at that time? (Round your answer to 2 decimal places.) Stock price