1. Universal Forest's current stock price is $52.00 and it is likely to pay a $0.22 dividend next year. Since analysts estimate Universal Forest will have a 18.5 percent growth rate, what is its required return? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
2. Describe the four steps for designing an effective training program (needs assessment-design-implementation-evaluation). Explain how each step works.you should write one step for one paragraph