Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $41.17 per share. She expects the price of the stock to rise to $54.22 over the next 3 years. During that time she also expects to receive annual dividends of $3.89 per share.

a. What is the intrinsic worth of this stock, given a required rate of return of 11%?

b. What is its expected return?

a. The intrinsic worth of this stock is $ ( ). (Round to the nearest cent.)

b. The expected return is ( )%. (Round to one decimal place.)