Don't round steps, answers to 2 dec for next steps -

On their latest income statement, Sean's Tutoring reported sales of $719,000, costs of $409,600, depreciation of $120,200, and dividends of $89,681. The company's ROE is 7.7 percent, and they face a 21 percent tax rate. Assuming the ratio of dividends to earnings in constant, estimate the growth rate of dividends.

g = %

Sean's Tutoring just paid a dividend of $3.60, and their common stock is priced at $70.90 per share. Calculate the required return on equity.

Requity = %

Sean's Tutoring has one issue of bonds outstanding. The bonds pay a 7.20 percent semiannual coupon, mature in 14 years, and currently sell at 128.00 percent of par. Calculate the company's required return on debt.

Rdebt = %