14. Cost of common equity

The Bouchard Company's EPS was $5.90 in 2019, up from $3.47 in 2014. The company pays out 30% of its earnings as dividends, and its common stack seils for $33.00. a Calculate the past growth rate in earnings, Cine: This is a 5-year growth perlod.) Round your answer to twa decimal placet. % b. The tast dividend was De - 0.30($5.90) - $1.77. Calculate the next expected dividend, Di, assuming that the past growth rate continues. Do not round intermediate calculations. Round your answer to the nearest cent. 5 What is Bouchard's cost of retained earnings, n? Do not round intermediate calculations. Round your answer to two decimal places