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Justin Cement Company has had the following pattern of earnings per share over the last five years: Year Earnings per Share 2 0 X 1

Justin Cement Company has had the following pattern of earnings per share over the last five years:
Year Earnings per Share
20X1 $ 6.00
20X26.36
20X36.74
20X47.14
20X57.57
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.Project earnings and dividends for the next year (20X6).

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