c. E1 (earnings at the end of period one) = $12, payout ratio equals 15 percent, Pe= $43, 9= 7.8%, F= $4.10. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Ke % Kn % d. De dividend at the beginning of the first period) = $6, growth rate for dividends and earnings (9) = 5%, Po = $69, F= $6. (DO not round intermediate calculations. Round your answers to 2 decimal places.) % % Kn