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Bouchard Company's EPS was $5.90 in 2021 , up from $3.47 in 2016 . The company pays out 60% of its earnings as dividends, and

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Bouchard Company's EPS was $5.90 in 2021 , up from $3.47 in 2016 . The company pays out 60% of its earnings as dividends, and its common stock selis for $34.00. a. Cakulate the past growth rate in earnings: (Hint: This is a 5 -year growth period.) Round vour answer to two decimal places: b. The last dividend was D1=0.60(55.90)=$3.54, 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. 3 c. What is Bouchard's cost of retained eamings, r,700 not round intermediate calculations. Round your answer to two decimal places

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