Microsoft Expects earnings this year of $$8$ per share. And it plans to pay. A $$6$ dividend To shareholders. Microsoft will retain $$2\mathrm{.}00$ per share of its earnings to reinvest in new projects that have an expected return of$.15\%$ per year. Suppose Microsoft will maintain the same dividend payout rate, retention rate and return on new investments in the future. And will not change its number of outstanding shares. Microsoft's Equity Cost of capital. Is $12\%.$

A$.$What price would you estimate for Microsoft stock?

B$.$If Microsoft pays out all its earnings. $($$$8)$ As dividends. What would the stock price of Microsoft be$?($PLEASE EXPLAIN IN DETAIL HOW U GOT THE ANSWER$)$