(Measuring growth) Green Gadgets Inc. is trying to decide whether to cut its expected dividond for next year from $7 por share to 84 por share in order to have more money to invest in new projects. If it does not cut the dividond, Green Gadgets' expected rate of growth in dividends is 7 percent per year and the price of their common stock will be $110 per share. However, if it cuts its dividend the dividend growth rate is expected to rise to 10 percent in the future. Assuming that the investor's required rate of return for Groen Gadgets stock does not change, what would you expect to happen to the price of its common stock if it cuts the dividend to $4? Should Groen Gadgets out its dividend? Support your answer as best you can Oct a. What is the investor's required rate of return for Groon Gadgets stock? LE% (Round to two decimal places)