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Dishwasher's Delights plows back 69.50% of its earnings to take on projects that earn the firm a 15.50% rate of return. Dishwasher's stockholders require a

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Dishwasher's Delights plows back 69.50% of its earnings to take on projects that earn the firm a 15.50% rate of return. Dishwasher's stockholders require a return of 12.00% return on their common stock. Earnings per share are expected to be $4.00 next year. Required: a. What is the expected growth rate for Dishwasher's common stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What is the expected dividend next year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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