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Justin Cement Company has had the following pattem of earnings per share over the last five years The earnings per share have grown at a

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Justin Cement Company has had the following pattem of earnings per share over the last five years The earnings per share have grown at a constant rate (on a rounded basis) and will continue to do so in the future Dividends represent 40 percent of earnings o. Project eamings and dividends for the next year (206). (Round the growth rote to the nearest whole percent. Do not round any other intermediote colculations. Round your onswers to 2 decimol places.) a. Project earnings and dividends for the next year (20X6) (Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your onswers to 2 decimal places.) b. If the requited rate of igturn (he) is 13 percent, what is the anticpated stock pnce (e) at the beginning of 206 ? (Round the growth rate to the neorest whole percent. Do not round any other intermediate colculotions. Round your answer to 2 decimol ploces.)

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