DDD, Inc., expects eamings at the end of this year of $15 per share, and it plans to pay an $8 dividend at that time. DOD will retain the rest of its earrings to invest in new projects with an expected retum of 15.8% per year. Suppose DOD will maintain the same dividend payout rate, retention rate, and retum on new investments in the future and will not change its number of outstanding share Please round your answers to two decimals a) What growth rate of eamings would you forecast for DDD? (5 marks) b) If DDO's equity cost of capital is 18.8%, what price would you estimate for DDD stock today? (5 marks) c) Suppose DDO instead paid a dividend of $10 per share at the end of this year and retained the rest of earnings I DDD maintains this higher payout rein the future, what stock price would you estimate now? (maks) d) Should DDD raise its dividend? Please explain your reasons (