Here are forecasts for next year for two stocks: Return on equity Earnings per share Dividends per share Stock A Stock B 14% 11% $4.00 $3.50 $3.00 $3.00 a. What are the dividend payout ratios for each firm? (Do not round intermediate calculations. Enter your answers as a percent rounded to the nearest whole number.) Payout ratio Stock A % Stock B % b. What are the expected dividend growth rates for each stock? Assume dividend has a steady growth for both stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Growth rate Stock A % Stock B % c. If investors require a return of 14% on each stock, what are their values? (Do not round intermediate calculations. Round final answers to 2 decimal places.) PV Stock A Stock B