Assume a stock that has a payout ratio of 25%, a current dividend of $3, a return on investment of 15%, and a beta of 1.

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Assume a stock that has a payout ratio of 25%, a current
dividend of $3, a return on investment of 15%, and a beta of 1.25.
Its dividends are assumed to grow at a constant rate indefinitely.
Assume market return of 12.5% and risk-free rate of 3.9%.
(1) Find the growth rate.
(2) Find the require rate of return.
(3) Use the constant growth rate model V0= D1/(K-g) to find the
value of the stock.