Nonconstant Dividend Growth Valuation Assume that the average firm in ca Corporation's industry is expected to grow at a constant rate of 6% and that its dividend yield is 5%. C&J is about as risky as the average firm in the industry and just paid a dividend (Do) of $1.5. Analysts expect that the growth rate of dividends will be 50% during the first year (90,1 - 50%) and 30% during the second year (91,2 = 30%). After Year 2, dividend growth will be constant at 6%. What is the required rate of return on C&I's stock? What is the estimated Intrinsic price per share? Do not round Intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number. % : $ Grade It Now Save & Continue Continue without saving