MF Corp. has an ROE of 14% and a plowback ratio of 60%. The market capitalization rate is 14%.

a. If the coming years earnings are expected to be $2.20 per share, at what price will the stock sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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