(Common stock valuation) Assume the following: - the investor's required rate of retum is 14.5 percent, - the expected level of earnings at the end of this year \\( \\left(E_{1}\ ight) \\) is \\( \\$ 6 \\), - the retention ratio is 30 percent, - the return on equity (ROE) is 15 percent (that is, it can earn 15 percent on reinvested earnings), and - similar shares of stock sell at multiples of 7.000 times earnings per share. Questions: a. Determine the expected growth rate for dividends. b. Determine the price earnings ratio \\( \\left(P / E_{1}\ ight) \\). c. What is the stock price using the P/E ratio valuation method? d. What is the stock orice usina the dividend discount model