Compute K_e and K_n under the following circumstances:

a. D₁ = $9.00, P₀ = $86, g = 6%, F = $4.00. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

(1) Ke: %?

(2) Kn: %?

b. D₁ = $.34, P₀ = $46, g = 8%, F = $4.50.

(1) Ke: %?

(2) Kn: %?

c. E₁ (earnings at the end of period one) = $15, payout ratio equals 25 percent, P₀ = $50, g = 5.5%, F = $2.80

(1) Ke: %?

(2) Kn: %?

d. D₀ (dividend at the beginning of the first period) = $4, growth rate for dividends and earnings (g) = 5%, P₀ = $76, F = $1.

(1) Ke: %?

(2) Kn: %?