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MF Corporation has an ROE of 12% and a plowback ratio of 70%. The market capitalization rate is 12%. Required: If the coming years earnings

MF Corporation has an ROE of 12% and a plowback ratio of 70%. The market capitalization rate is 12%. Required: If the coming years earnings are expected to be $2.40 per share, at what price will the stock sell? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. What price do you expect MF shares to sell for in two years? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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