Horse and Buggy Incorporated is in a declining industry. Sales, earnings, and dividends are all shrinking at a rate of $10\%$ per year.

a$.$ If $r=20\%$ and DIV ${?}_1=$$$6,$ what is the value of a share?

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

Value of a share

b$.$ What price do you forecast for the stock next year?

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

Stock price

c$.$ What is the expected rate of return on the stock?

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

Expected rate of return

$\%$