You are forecasting the returns for Sunland Company, a plumbing supply company, which pays a current dividend of $10.90. The dividend is expected to grow at a rate of 3.9 percent. You have identified two public companies, Coronado and Whispering, which appear to be comparable to Sunland. Coronado has the same total risk as Sunland and a beta of 1.65. Whispering, in contrast, has a very different total risk but the same market risk as Sunland. Whispering's beta is 1.45. The market risk premium is 4.95 percent and the risk-free rate is 1.45 percent. (a) Your answer is correct. Determine the required return for Sunland using the appropriate beta. (Round answer to 3 decimal places, e.g. 3.361%.) Required return 8.628 % e Textbook and Media Attempts: 1 of 3 used Using multiple attempts will impact your score. 25% score reduction after attempt 1 (b) Determine the price of Sunland. (Round answer to 2 decimal places, e.g. 125.61.) Price $ Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 25% score reduction after attempt 1