P7- 8&9 only please

Common stock value: Constant growth Use the constant-growth model (Gordon growth model) to find the value of each firm shown in .he following table. Common stock value: Constant growth McCracken Roofing, Inc., common stock paid a dividend of $1.20 per share last year. The company expects earnings and dividends to grow at a rate of 5% per year for the foreseeable future. What required rate of return for this stock would result in a price per share of $28? If McCracken expects both earnings and dividends to grow at an annual rate of 10%, what required rate of return would result in a price per share of $28? Common Mock value: Constant growth The common stock of Denis and Denis Research, Inc., trades for $60 per share. Investors expect the company to pay a $3.90 dividend next year, and they expect that dividend to grow at a constant rate forever. If investors require a 10% return on this stock, what is the dividend growth rate that they arc anticipating? Personal Finance Problem Common stock value: Constant growth Elk County Telephone has paid the dividends shown in the following table over the past 6 years