Question: The next dividend payment by Im , Incorporated, will be $ 2 . 8 5 per share. The dividends are anticipated to maintain a growth

The next dividend payment by Im, Incorporated, will be $2.85 per share. The dividends are anticipated to maintain a growth rate of 5.00 percent forever. If the stock currently sells for $49.30 per share, what is the required return?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Required retum
The next dividend payment by Im, Incorporated, will be $2.85 per

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