The next dividend payment by Im, Incorporated, will be $3.30 per share. The dividends are anticipated to maintain a growth rate of 2.75 percent forever. If the stock currently sells for $50.20 per share, what is the required return? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Required return %

The next dividend payment by im, Incorporated, will be $3.30 per share. The dividends are anticipated to maintain a growth rate of 2.75 percent forever. If the stock currently sells for $50.20 per share, what is the required return? Note: Do not round intermedlate calculations and round your answer to 2 decimal places, e.9., 32.16