Use formulas please not excel

12. On the Yahoo Finance website you collect on September 27th, 2012 the following data on Intel, Inc. Intel is currently trading at $22.78 per share. Current earnings per share are $2.36 while current dividends per share are $0.90. The appropriate discount rate for Intel is 12%. a) Assume that growth rate of dividends is constant (use the Gordon growth model). Using the current price, what is the growth rate of Intel's dividends? b) From the growth rate found in a, what is Intel's return on investment