Answer might be correct, just looking to double check

Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $48.00 per share. She expects the price of the stock to rise to $60.00 over the next 3 years. During that time she also expects to receive annual dividends of $4.00 per share. a. What is the intrinsic worth of this stock, given a required rate of return of 12%? b. What is its expected return? .... a. The intrinsic worth of this stock is $52.31. (Round to the nearest cent.) b. The expected return is 14.5%. (Round to one decimal place.)