Here are data on two stocks, both of which have discount rates of 15%: Stock A Stock B Return on equity 15 % 10 % Earnings per share $ 2.50 $ 1.90 Dividends per share $ 1.00 $ 1.00 a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) b. What are the expected dividend growth rates for each stock? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places.)