Here are data on two stocks, both of which have discount rates of 10%: Return on equity Earnings per share Dividends per share Stock A 10% $2.40 $ 1.20 Stock B 8% $ 1.40 $1.20 a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) Stock A Stock B Dividend payout ratios % % 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.) Stock A Stock B Expected dividend growth rates % % c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock A Stock B Stock price