Please show work/steps with a formula or excel.

Child Industries's annual dividends are indicated below. Find the required rate of return for this stock, assuming the future dividend growth rate will remain the same and the company has an infinite horizon. Assume the January 1, 2011 price of the stock was $50.00. What was the required return for Child Industries's stock? Year Dividend 2001 $0.85 2002 $0.97 2003 $1.02 2004 $1.16 2005 $1.22 2006 $1.28 2007 $1.46 2008 $1.53 2009 $1.74 2010 $1.98 What was the estimated annual required return for Child Industries's stock? ]% (Round to two decimal places.)