99 20:17 < Notes April 16, 2024 at 20:17 ... 72 The Bouchard Company's EPS was $5.40 in 2021, up from $3.26 in 2016. The company pays out 30% of its earnings as dividends, and it's common stock sells for $32.00. a. Calculate the past growth rate in earnings. (Hint this is a 5-year growth period). Round two decimal places. b.The last dividend was D0= 0.30 ($5.40) = $1.62. Calculate the next expected dividend D1, assuming that the past growth rate continues. Do not round intermediate calculations. Round your answer to the nearest cent. c. What is the Bouchard's cost of retained earnings, rs? Do not round intermediate calculations. Round your answer to two decimal places.