I have correct solutions for a. years 1-4.. so just need year 5 EPS and Dividends answered. also i need help with b. What is Qs stock worth per share? thank you!

Company Qs current return on equity (ROE) is 14%. It pays out 50 percent of earnings as cash dividends (payout ratio = 0.50). Current book value per share is $60. Book value per share will grow as Q reinvests earnings.

Assume that the ROE and payout ratio stay constant for the next four years. After that, competition forces ROE down to 11.5% and the payout ratio increases to 0.90. The cost of equity is 11.5%.

1. What are Qs EPS and dividends in years 1, 2, 3, 4, and 5?
2. What is Qs stock worth per share?

Company Q's current return on equity (ROE) is 14%. It pays out 50 percent of earnings as cash dividends (payout ratio =0.50 ). Current book value per share is $60. Book value per share will grow as Q reinvests earnings. Assume that the ROE and payout ratio stay constant for the next four years. After that, competition forces ROE down to 11.5% and the payout ratio increases to 0.90 . The cost of equity is 11.5%. a. What are Q's EPS and dividends in years 1, 2, 3, 4, and 5? b. What is Q's stock worth per share? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What are Q's EPS and dividends in years 1, 2, 3, 4, and 5? Note: Do not round intermediate calculations. Round your answers to 2 decimal places