$($Valuing common stock$)$ Wayne, Inc.$\text{'}$s outstanding common stock is currently selling in the market for $\backslash (\backslash$$ $22\backslash ).$ Dividends of $\backslash (\backslash$$ $2\mathrm{.}02\backslash )$ per share were paid last year, return on equity is $31$ percent, and its retention rate is $21$ percent. a$.$ What is the value of the stock to you, given a required rate of return of $18$ percent? b$.$ Should you purchase this stock? a$.$ Given a required rate of return of $18$ percent, the value of the stock to you is $($round your answer to the nearest cent$)\backslash$$