You are forecasting the returns for Teal Company, a plumbing supply company, which pays a current dividend of S 10.30. The dividend is expected to grow at a rate of 3.3 percent. You have identified two public companies, Flint and Buffalo, which appear to be comparable to Teat. Flint has the same total risk as Teal and a beta of 1.35. Buffalo, in contrast, has a very different total risk but the same market risk as Teal, Buffalo's beta is 1.15. The market risk premium is 4.65 percent and the risk-free rate is 1.15 percent (a) Your answer is correct Determine the required return for Teal using the appropriate beta. (Round answer to 3 decimal places, eg, 3.361%.) Required return 6.498 % e Textbook and Media Attempts: 1 of 3 used 3 Using multiple attempts will impact your score. 25% score reduction after attempt 1 (b) Determine the price of Teal. (Round answer to 2 decimal places, s 125.61) Price $