Justin Cement Company has had the following pattern of earnings per share over the last five years: Earnings per Share Year 20X1 $ 11.00 20X2 11.66 20X3 12.36 20X4 20X5 13.10 13.89 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 (206). Note: Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your answers to 2 decimal places. Earnings Dividend 20X6 b. If the required rate of return (Ke) is 13 percent, what is the anticipated stock price (P) at the beginning of 20X6? Note: 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