PLEASE ANSWER BOTH QUESTIONS

The Shamrock Dogfood Compary (SDC) has consistently paid out 45 percent of its earnings in dividends. The company's return on equity is 14 percent. Do not rourd intermediate catculations. Round your answers to two decimal places. a. What would you estimate as its dividend growth rate? b. If you found out that the company was coly growing at 3 percent, how much could the company afford to pay out