The stock of nogro corporation is currently selling for $30 per share. earnings per share in the coming year are expected to be $6. the company has a policy of paying out 50% of its earnings each year in dividends. the rest is retained and invested in projects that earn a 20% rate of return per year. this situation is expected to continue indefinitely. a. assuming the current market price of the stock reflects its intrinsic value as computed using the constant-growth ddm, what rate of return do nogro's investors require? (do not round intermediate calculations.) rate of return % b. by how much does its value exceed what it would be if all earnings were paid as dividends and nothing was reinvested? pvgo