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Business has been good for Keystone Control Systems, as indicated by the thirteen - year growth in earnings per share. The earnings have grown from

Business has been good for Keystone Control Systems, as
indicated by the thirteen-year growth in earnings per share. The
earnings have grown from $1.00 to $2.58. a. Determine the compound
annual rate of growth in earnings (n =11).(Do not round
intermediate calculations. Input your answer as a percent rounded
to 2 decimal places.)b. Based on the growth rate determined in part a, project
earnings for next year (E1).(Do not round intermediate
calculations. Round your answer to 2 decimal places.)c. Assume the dividend payout ratio is 35 percent. Compute D1.
(Do not round intermediate calculations. Round your answer to 2
decimal places.)

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