Can u help me solve part C and D of the question?

no excel or calculator, just using the formula!

Homework: MyFinanceLab (Graded) Assignment 3 Save Score: 0 of 5 pts 15 of 20 (14 complete) HW Score: 70%, 70 of 100 pts P 7-16 (similar to) Question Help DFB, Inc. expects earnings next year of $4.62 per share, and it plans to pay a $2.80 dividend to shareholders (assume that is one year from now) DFB will retain $1.82 per share of its earnings to reinvest in new projects that have an expected return of 15,5% per year. Suppose DFB will maintain the same dividend payout rate, retention rate, and return on new investments in the future and will not change its number of outstanding shares. Assume next dividend is due in one year. a. What growth rate of earnings would you forecast for DFB? b. If DFB's equity cost of capital is 11.4%, what price would you estimate for DFB stock? c. Suppose instead that DFB paid a dividend of $3.80 per share at the end of this year and retained only $0.82 per share in earnings. That is, it chose to pay a higher dividend instead of reinvesting in as many new projects. It DFB maintains this higher payout rate in the future, what stock price would you estimate for the firm now? Should DFB raise its dividend? a. What growth rate of earnings would you forecast for DFB? DFB's growth rate of earnings is 6.10% (Round to one decimal place.) b. I DFB's equity cost of capital is 11.4%, what price would you estimate for DFB stock? DFB's equity cost of capital is 11.4%, then DFB's stock price will be $ 52.83. (Round to the nearest cent.) c. Suppose instead that DFB paid a dividend of $3.80 per share at the end of this year and retained only 50,82 per share in earnings. That is, it chose to pay a higher dividend instead of reinvesting in as many new projects. If DFB maintains this higher payout rate in the future, what stock price would you estimate for the firm now? HDFB paid a dividend of $3.80 per share next year and retained only $0.82 per share in earnings, then DFB's stock price would be $[. (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer. 1 part remaining Clear All Final Check