Here are forecasts for next year for two stocks: Return on equity Earnings per share Dividends per share Stock A 128 $3.00 $2.00 Stock B 10% $ 2.50 $2.00 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 12% on each stock, what are their values? (Do not round intermediate calculations. Round final answers to 2 decimal places.) PV Stock A Stock B