Question Help Common stock value-Constant growth MoCracken Roofing Inc, common stock paid a dividend of $1.07 per share last year. The company expects canings and dividends to grow #tatue of 8% per year for the foreseeable ture a. What required rate of return for this stock would rest in a price per share of $24? b. If McCracken expects both earnings and dividends to grow at an annual rate of 12%, what required rate of retum would result in a price per share of $247 1. The required rate of return for this stock, in order to result in a price per share of $24. is (Round to two decimal places)