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As of January 1, 2017, FoundationsForLife, Inc. has had the following pattern of earnings per share over the last five years: 2012 2013 2014 2015

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As of January 1, 2017, FoundationsForLife, Inc. has had the following pattern of earnings per share over the last five years: 2012 2013 2014 2015 2016 Year Earnings per Share $10.00 10.60 11.24 11.91 12.62 The earnings per share have grown at a constant rate (on a rounded basis) and will continue to do so in the future. Dividends represent 30 percent of earnings. a. Project earnings for the next year (2017). b. Project dividends for the next year (2017). c. If the P/E is 18, what is the anticipated stock price

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