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MF Corp. has an ROE of 18% and a plowback ratio of 55%. The market capitalization rate is 15%. a. If the coming year's earnings

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MF Corp. has an ROE of 18% and a plowback ratio of 55%. The market capitalization rate is 15%. a. If the coming year's earnings are expected to be $2.90 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.)

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