Justin Cement Company has had the following pattern of earnings per share over the last five years:

Year	Earnings Per Share
2006	$	10.00
2007		10.50
2008		11.03
2009		11.58
2010		12.16

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.

a.	Project earnings and dividends for the next year (2011). (Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your answers to 2 decimal places.)

	2011
Earnings	$
Dividend	$

b.	If the required rate of return (Ke) is 13 percent, what is the anticipated stock price (P0) at the beginning of 2011? (Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your answer to 2 decimal places.)

Anticipated stock price

$