Please Assist with Problem C.

Problem A and B are correct. Please see below

Here are data on two stocks, both of which have discount rates of 15%: Return on equity Earnings per share Dividends per share Stock A 15% $3.50 $0.70 Stock B 12% $2.40 $0.70 a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) Answer is complete and correct. Stock B Stock A 20.00 Dividend payout ratios % 29.17 % b. What are the expected dividend growth rates for each stock? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Answer is complete and correct. Stock A 12.00% Stock B 8.50% Expected dividend growth rates c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Stock A Stock B $ 26.13 $ 11.68 X Stock price