Part 1 of 2 Common stock value--Constant growth McCracken Roofing, Inc., common stock paid a dividend of $1.13 per share last year. The company expects $ a. What required rate of return for this stock would result in a price per share of $28? b. If McCracken expects both eamings and dividends to grow at an annual rate of 12%, what required rate of retum would result in a price per share of $2 The required rate of return for this stock, in order to result in a price per share of $28, in %. (Round to two decimal places.) paid a dividend of $1.13 per share last year. The company expects eamings and dividends to grow at a rate of 9% per year for the foreseeable future 5%, what required rate of retum would result in a price per share of $28? 28, is % (Round to two decimal places.)