Question: Please answer and include the Excel Formula. Thank you. The next dividend payment by Im, Inc., will be $1.87 per share. The dividends are anticipated

Please answer and include the Excel Formula. Thank you.

The next dividend payment by Im, Inc., will be $1.87 per share. The dividends are anticipated to maintain a growth rate of 4.3 percent forever. If the stock currently sells for $37 per share, what is the required return? Input area: (Use cells A6 to B8 from the given information to complete this question.) Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment

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