Here are data on two stocks, both of which have discount rates of 16%: Stock A 16% Return on equity Earnings per share. Dividends per share Dividend payout ratios a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) $2.20 $1.10 Expected dividend growth rates Stock A Stock price Stock A 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 B 15% Stock A $1.80 $1.10 Stock B Stock B c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock B