please answer all parts and explain what formula and what exactly was entered in the formula in excel or whichever spredsheet(what rate what pv etc) please explain why the certain formula was used and why. thank you i will like if correct.

DFB, Inc. expects earnings next year of $5.16 per share, and it plans to pay a $3.42 dividend to shareholders (assume that is one year from now). DFB will retain $1.74 per share of its earnings to reinvest in new projects that have an expected return of 14.8% per year. Suppose DFB 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. Assume next dividend is due in one year. a. What growth rate of earnings would you forecast for DFB? b. If DFB's equity cost of capital is 11.2%, what price would you estimate for DFB stock today? c. Suppose instead that DFB paid a dividend of $4.42 per share at the end of this year and retained only $0.74 per share in earnings. That is, it chose to pay a higher dividend instead of a. What growth rate of earnings would you forecast for DFB? DFB's growth rate of earnings is decimal place.) \%. (Round to one