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Consider the following data for XYZ Company: Year 2017 2018 2019 2020 2021 Earnings per share $12.00 12.60 13.23 13.89 14.58 The earnings per share

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Consider the following data for XYZ Company: Year 2017 2018 2019 2020 2021 Earnings per share $12.00 12.60 13.23 13.89 14.58 The earnings per share have grown at a constant rate (on a rounded basis) and will continue to do so in the future. Dividends represent 40 percent of earnings. Required: Project earnings and dividends for the next year. If the required rate of return is 13 percent, what is the anticipated share price at the beginning of 2022? 1A TF1 BIUS x !!! III of 0 2

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