An investor estimates that next year's sales for Dursley's Hotels, Inc., should amount to about $$100$ million. The company has $5\mathrm{.}0$ million shares outstanding, generates a net profit margin of about $10\mathrm{.}0\%,$ and has a payout ratio of $50\%.$ All figures are expected to hold for next year. Given this information, compute the following.

a$.$ Estimated net earnings for next year.

b$.$ Next year's dividends per share.

Note: EPS is an intermediate computation not required as an input below. However, round your computation of EPS to at least two decimal places.

c$.$ The expected price of the stock $($assuming the P$/$E ratio is $24\mathrm{.}5$ times earnings$).$

d$.$ The expected holding period return $($latest stock price: $$40\mathrm{.}00$ per share$).$

a$.$ The estimated net earnings for next year is $ million. $($Round to three decimal places.$)$

b$.$ The dividends per share for next year is $$,($Round to the nearest cent.$)$

c$.$ Assuming the P$/$E ratio is $24\mathrm{.}5$ times earnings, the expected price of the stock is $ $($Round to the nearest cent.$)$

d$.$ The expected holding period return is $\%.($Round to two decimal places.$)$