Imagine that Kraft finds a way to increase its Earnings Per Share by using its assets more efficiently and/or increasing its profit margin. As a result, it is able to increase both its Earnings Per Share and its Return on Equity (ROE). Use the following assumptions to explore this possibility: Dividend Per Share in 2021 Earnings Per Share in 2021 Return on Equity in 2021 Notice how this changes the dividend payout ratio & sustainable growth rate: What will its new dividend payout ratio be based on the assumptions above? ...implied reinvestment rate ...subcalculation: ROEx reinvestment rate What will its new sustainable growth rate be based on the assmptions above? $1.60 $3.00 7.25% 53.33% 46.67% 3.38%