Question #7 (10 points): McCracken Roofing, Inc., common stock paid a dividend of $1.39 per share last year. The company expects earnings and dividends to grow at a rate of 7% per year for the foreseeable future. 2. What required rate of return for this stock would result in a price per share of $227 Ir MeCracken expects both earnings and dividends to grow at an annual rate of 12%, what required rate of return would result in a price per share of $22