please show work and help with both questions

(Measuring growth) If Pepperdine, Inc.'s return on equity is 21 percent and the management plans to retain 61 percent of eamings for investment purpo be the firm's growth rate? % The firm's growth rate will be (Round to two decimal places.) EQuestion Help (0IBUUIS) 7-0L (Measuring growth) If the Stanford Corporation's net income is $246 million, its common equity is $827 million, and management plans to retain 75 percent of th firm's eanings to finance new investments, what will be the firm's growth rate? % (Round to two decimal places) The fim's growth rate will be