please dont only post the answer. Post it with full solutions and formulas

completed so far. It does not indicate completion. Return to question 11 Problem 10-34 Triple Peaks Playhouse will pay a quarterly dividend of $0.60 at the end of the next quarter. It has common share price of $40.00 and a constant growth rate of 4 percent. Compute the required rate of return. (Round the final answer to 2 decimal places.) Required rate of return 8.08 %