West Coast Surfboards paid dividends of $4.00 per share last year. The Company has a 10% ROE and retains 60% of its earnings for reinvestment purposes. Answer the following questions: 1. What is the growth rate for West Cost Surfboards? (Round to two decimal places.) 2. What is the value of the stock if your required rate of return is 14%. Use the dividend growth .1model. Express your answer in standard currency format ($xx.xx). Formulas: Growth Rate = ROE * % profits retained Common Stock Value = Div1 / (r - g)