MF Corp. has an ROE of $18\%$ and a plowback ratio of $55\%.$ The market capitalization rate is $15\%.$

a$.$ If the coming year's earnings are expected to be $$2\mathrm{.}90$ per share, at what price will the stock sell? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Price

b$.$ What price do you expect MF shares to sell for in five years? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Price