The next dividend payment by Hoffman, Inc., will be $2.55 per share. The dividends are anticipated to maintain a growth rate of 6.00 percent forever. round intermediate calculations and round your answer to a diecimal proces, eg, If the stock currently sells for $48.70 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Required return