Poulter Corporation will pay a dividend of $4.50 per share next year. The compa pledges to increase its dividend by 6.25 percent per year, indefinitely. If you require a return of 10 percent on your investment, how much will you pay for company's stock today? (Do not round intermediate calculations and round y answer to 2 decimal places, e.g., 32.16.) Current stock price Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $4.60 dividend every year, in perpetuity, If this issue currently sells for $79.90 per share, what is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return %