MF Corp. has an ROE of 14% and a plowback ratio of 75%. The market capitalization rate is 13%.

a.	If the coming year's earnings are expected to be $2.30 per share, at what price will the stock sell? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price

$

b.	What price do you expect MF shares to sell for in 3 years? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price

$