Compute K_e and K_n under the following circumstances:

c. E₁ (earnings at the end of period one) = $6, payout ratio equals 30 percent, P₀ = $42, g = 10.0%, F = $3.50. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

d. D₀ (dividend at the beginning of the first period) = $4, growth rate for dividends and earnings (g) = 5%, P₀ = $68, F = $5. (Do not round intermediate calculations. Round your answers to 2 decimal places.)