McCracken roofing inc common stock paid a dividend of $1.46 per share last year. The company expects earningd snd dividends to grow at a rate of 9% per year for the foreseeable future.

a. the required rate of return for this stock, in order to result in a profe share of $24 is?

b. if mckracken expects both earnings and dividends to grow at an annual rate of 11%, what required rate of return would result in a price per share of $24?