Capital Management Ltd plans to pay a $10.00 dividend this year and you expect that the firms earnings are on track to grow at 3.2% per year for the foreseeable future. Capital Management Ltds equity cost of capital is 7.7%. Assuming that Capital Management Ltds dividend payout rate and expected growth rate remain constant, and Capital Management Ltd does not issue or repurchase shares, then what is Capital Management Ltds stock price? Suppose that Capital Management Ltd decides to pay a dividend of only $5 per share this year and use the remaining $5 per share to repurchase stock. If Capital Management Ltds payout rate remains constant, then what is Capital Management Ltds stock price? What is the rate at which Capital Management Ltds dividends and earnings per share are expected to grow?