Please give all ( a ,b ,c, d , e ) requirements, otherwise, skip questions.

The current price of Gold plc is 154p. It has a policy of paying out 45 per cent of earnings in dividends each year. The earnings history of the firm is as follows: EPS Last reported 10p One year ago 10p Two years ago 9p Three years ago 8p Four years ago 7p Five years ago 7p The rate of growth in earnings and dividends is expected to continue into the future. The risk-free rate of return is 5.5 per cent and market return is 8.5 per cent. The beta of Gold plc is 1.3. Required: a.Calculate the historical price-earnings ratio. b.Calculate the future growth rate of dividends. c.Calculate the required rate of return on a share of this risk class. d.Calculate price-earnings ratio using forward looking model. e.Use the forward-looking price-earnings ratio to decide whether the shares at 305p are over- or under-priced