Colour Book Inc. has had the following pattern of earnings per share over the last five years: Year 20XU 20XV 20XW 20XX 20XY Earnings per Share $3.00 3.24 3.50 3.78 4.08 The earnings per share have grown at a constar ate (on a rounded basis) and will continue to do so in the future. Dividends represent 40 percent of earnings. a) Project earnings and dividends for the next year (20XZ). Round all values in this problem to two places to the right of the decimal point. (6 marks) b) If the required rate of return is 10 percent, what is the anticipated share price at the beginning of 20XZ? (2 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U Paragraph Arial 10pt SSSS x X2 TTTT