please do the one marked wrong

MF Corp. has an ROE of 16% and a plowback ratio of 50 %. The market capitalization rate is 12 % a. If the coming year's earnings are expected to be $2 per share, at what price will the stock sell? Price b. What price do you expect MF shares to sell for in three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 31.50 Price