Laurel Enterprises expects earnings next year of $4.00 per share and has a 40% retention rate, which it plans to keep constant. Its equity cost of capital is 10%, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 4.0% per year. If its next dividend is due in one year, what do you estimate the firm's current stock $ price to be? Answer in two decimal places Suppose you expect Ricky Roo Pet Stores to pay an annual dividend of $0.60 per share in the coming year and to trade for $50.50 per share at the end of the year. If investments with equivalent risk to Longs' stock have an expected return of 10.80%. Answer to two decimal places What is the most you would pay today for Ricky Roo stock? What dividend yield and capital gain rate would you expect at this price