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Sidman Products's common stock currently sells for $$72$ a share. The firm is expected to earn $$8\mathrm{.}64$ per share this year and to pay a year$-$end dividend of $$3\mathrm{.}40,$ and it finances only with common equity.

a$.$ If investors require a $12\%$ return, what is the expected growth rate? Do not round intermediate calculations. Round your answer to two decimal places.

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b$.$ If Sidman reinvests retained earnings in projects whose average return is equal to the stock's expected rate of return, what will be next year's EPS? $($Hint: $-$ Payout ratio$)$ROE$).$ Do not round intermediate calculations. Round your answer to the nearest cent.

$ $$ per share

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