The common stock of NCP paid $$$$1\mathrm{.}75$ in dividends last year. Dividends are expected to grow at an annual rate of $6\mathrm{.}80$ percent for an indefinite number of years.

a$.$ If$$ NCP$\text{'}$s current market price is $$$$20\mathrm{.}07$ per$$ share, what is the$$ stock's expected rate of$$ return?

b$.$ If your required rate of return is $8\mathrm{.}8$percent$,$ what is the value of the stock for$$ you?

c$.$ Should you make the$$ investment?

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Part $1$

a$.$ If$$ NCP$\text{'}$s current market price is $$$$20\mathrm{.}07$ per$$ share, the$$ stock's expected rate of return is

$$

enter your response here$\%.($Round to two decimal$$ places.$)$