You expect KT Industries $($KTI$)$ will have earnings per share of $$4\mathrm{.}6$ this year and expect that they will pay out $$1\mathrm{.}66$ of these earnings to shareholders in the form of a dividend. KTI's return on new investments is $11\%$ and their equity cost of capital is $16\%.$

KTI's dividend growth rate is $\_\_\_\_\_\_\_\_\_($Round to two decimal places$)$

If KTI's dividend growth rate will remain constant, and KTI's next year dividend is $$1\mathrm{.}78,$ then KTI's current stock price should be $\_\_\_\_\_\_\_\_($Round to two decimal places$)$