Woidtke Manufacturing's stock currently sells for $$19$ a share. The stock just paid a dividend $of$ $$2\mathrm{.}80$ a share $(i.e.,D0=$ $$2\mathrm{.}80),$ and the dividend $is$ expected $to$ grow forever $at$ a constant rate $of8\%$ a year. What stock price $is$ expected $1$ year from now? $Do$ not round intermediate calculations. Round your answer $to$ the nearest cent.

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$20\mathrm{.}52$

What $is$ the estimated required rate $of$ return $on$ Woidtke's stock $(assume$ the market $isin$ equilibrium with the required return equal $to$ the expected return$)?Do$ not round intermediate calculations. Round the answer $to$ two decimal places.

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