MF Corp. has an ROE of 17% and a plowback ratio of 55%. The market capitalization rate is 15%.

a. If the coming year’s 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.)

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.)