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Hequired: 0. MF Corporation has an ROE of 12% and a plowback ratio of 50%. If the coming year's earnings are expected to be $4

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Hequired: 0. MF Corporation has an ROE of 12% and a plowback ratio of 50%. If the coming year's earnings are expected to be $4 per share, at what price will the stock sell? The market capitalization rate is 14% (Do not round intermediate calculations. Round your answer to 2 decimol places.) b. What price do you expect MF shares to sell for in three years? (Do not found intermediate colculations. Round your onswer to 2 decimal ploces.)

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