Homework: Chapter 10 Homework Score: 0 of 4 pts 4 of 5 (0 complete) HW Score: 0%, 0 of P10-9 (similar to) Question Help (Measuring growth) Solarpower Systems earned $20 per share at the beginning of the year and paid out $8 in dividends to shareholders Do = $8) and retained $12 to invest in new projects with an expected return on equity of 19 percent. In the future, Solarpower expects to re the same dividend payout ratio, expects to earn a return of 19 percent on its equity invested in new projects, and will not be changing the nu of shares of common stock outstanding. a. Calculate the future growth rate for Solarpower's earnings. b. If the investor's required rate of return for Solarpower's stock is 14 percent, what would be the price of Solarpower's common stock? a. What is the future growth rate for Solarpower's earnings? % (Round to two decimal places.)