Problem 7-12 Stock Valuation [LO 1] Lauren Corporation will pay a dividend of $3.00 next yeat The company has stated that it will maintain a constant growth rate of 4.5 percent a year forever. a. If you want a return of 15 percent, how much will you pay for the stock? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16. b. If you want a return of 8 percent, how much will you pay for the stock? Note: Do not round intermediate calculations ond round your answer to 2 decimal places, e.9. 32.16