MF Corp. has an ROE of 13% and a plowback ratio of 33%. The market capitalization rate is 14%.

Required:

(a)	If the coming year's earnings are expected to be $4 per share, at what price will the stock sell?(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price

$

(b)	What price do you expect MF shares to sell for in three years?(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price

$