Maynard Steel plans to pay a dividend of $2.98 this year. The company has an expected earnings growth rate of 4.1% per year and an equity cost of capital of 9.9%. a. Assuming that Maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, estimate Maynard's share price. b. Suppose Maynard decides to pay a dividend of $0.93 this year and use the remaining $2.05 per share to repurchase shares. If Maynard's total payout rate remains constant, estimate Maynard's share price. c. If Maynard maintains the dividend and total payout rate given in part b, at what rate are Maynard's dividends and earnings per share expected to grow? a. If Maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, Maynard's share price will be $ . (Round to the nearest cent.) . (Round to b. If Maynard decides to pay a dividend of $0.93 this year and use the remaining $2.05 per share to repurchase shares and the total payout rate remains constant, then Maynard's share price will be $ the nearest cent.) c. If Maynard maintains the dividend and total payout rate given in part b, Maynard's dividends and earnings per share growth will be %. (Round to one decimal place.)