The next dividend payment by Im$,$ Inc., will be $$1\mathrm{.}87$ per share. The dividends are anticipated to maintain a growth rate of $4\mathrm{.}3$ percent forever. If the stock currently sells for $$37$ per share, what is the required return?Input areaDividend paid : $$1\mathrm{.}87$Dividend growth rate : $4\mathrm{.}30\%$Stock price : $$37\mathrm{.}00$

Please show formula as if it was in excel