Here are data on two stocks, both of which have discount rates of $15\%$:

Stock A Stock B

Return on equity $15\%12\%$

Earnings per share $ $3\mathrm{.}20$ $ $2\mathrm{.}00$

Dividends per share $ $1\mathrm{.}60$ $ $1\mathrm{.}60$

What is the dividend payout ratio for each firm?

Note: Enter your answers as a percent rounded to $2$ decimal places.

What is the expected dividend growth rate for each stock?

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.

What is the value of each stock?

Note: Do not round intermediate calculations. Round your answers to $2$ decimal places.