You expect KT Industries$($KTI$)$ will have earnings per share of $$$$3\mathrm{.}4$ this year and expect that they will pay out $$$$1\mathrm{.}84$ of these earnings to shareholders in the form of a dividend.$$ KTI's return on new investments is $15\%,$ and their equity cost of capital is$16\%.$

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Part $1$

$$KTI$\text{'}$s dividend growth rate is

$$

enter your response here$\%($Round to two decimal$$ places$)$

If$$ KTI's dividend growth rate will remain$$ constant, and$$ KTI's next year dividend is $$$$1\mathrm{.}97.$ Then$$ KTI's current stock price should be $$$

$$

enter your response here$($Round to two decimal$$ places$)$