The risk free rate of return is 3%, the expected rate of return on the market portfolio is 8%, and the stock Estline Corporation has a beta coefficient of 0.8. Estline pays out 50% of its earnings in dividends, and earnings in one year are expected to be $5/share. Dividends are paid annually. The most recent dividend was just paid and its effects are already included in the stock price. The price of Estline in the market is $50/share. What is the the rate the growth rate (i.e., dividends grow at this rate forever) implied by the current market price of Estline? Show your work. Either scan or photograph your answer and upload it. If you are not able to upload the image to BB email it to me within 10 minutes of completing the exam. The risk free rate of return is 3%, the expected rate of return on the market portfolio is 8%, and the stock Estline Corporation has a beta coefficient of 0.8. Estline pays out 50% of its earnings in dividends, and earnings in one year are expected to be $5/share. Dividends are paid annually. The most recent dividend was just paid and its effects are already included in the stock price. The price of Estline in the market is $50/share. What is the the rate the growth rate (i.e., dividends grow at this rate forever) implied by the current market price of Estline? Show your work. Either scan or photograph your answer and upload it. If you are not able to upload the image to BB email it to me within 10 minutes of completing the exam