Here are data on two stocks, both of which have discount rates of 18%: Stock A Stock B 15% 18% Return on equity Earnings per share Dividends per share $4.60 $2.90 $2.30 $2.30 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 firm? (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