MF Corp. has an ROE of 15% and a plowback ratio of 40%. The market capitalization rate is 13%. a. If the coming years earnings are expected to be $2.10 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 three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Price ____