Problem 7-30 Nonconstant Growth (LO2) Tattletale News Corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. The last dividend paid was $12. The discount rate is 25% and the steady growth rate after 3 years is 3%. a. What is the capital gain in stock price from year 0 to year 1? (Do not round intermediate calculations. Enter your answer as a dollar amount rounded to 2 decimal places.) X Answer is complete but not entirely correct. Capital gain $ 39.60 X b. Calculate the expected rate of return. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected rate of return %