Problem 8-5 Stock Valuation (LO1] Grateful Eight Co. is expected to maintain a constant 5.6 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 7.4 percent, what is the required return on the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return % Problem 8-24 Two-Stage Dividend Growth Model (LO1] A7X Corp. just paid a dividend of $1.40 per share. The dividends are expected to grow at 17 percent for the next eight years and then level off to a growth rate of 5 percent indefinitely. If the required return is 12 percent, what is the price of the stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price