Scor P7-9 (similar to) Question Help Common stock value Constant growth McCracken Rooting Inc common stock paid a dividend of $1.15 per share last year. The company expects earnings and dividends to grow at a rate of 9% per year for the foreseeable future a. What required rate of retum for this stock would result in a price per share of $222 b. If McCracken 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 S222 a. The required rate of return for this stock in order to result in a price per share of $22.61% Round to two decimal places