6. MF Corp. has an ROE of 13% and a plowback ratio of 70%. The market capitalization rate is 12%.

a.	If the coming year's earnings are expected to be $2.20 per share, at what price will the stock sell? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price $ _____ ??

b.	What price do you expect MF shares to sell for in 2 years? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price $ _____ ??