Please solve the following:

Dorpac Corporation has a dividend yield of 1.4%. Its equity cost of capital is 8.4%, and its dividends are expected to grow at a constant rate. a. What is the expected growth rate of Dorpac's dividends? b. What is the expected growth rate of Dorpac's share price? a. What is the expected growth rate of Dorpac's dividends? The growth rate will be \%. (Round to one decimal place.) Assume Coleco pays an annual dividend of $1.53 and has a share price of $37.51. It announces that its annual dividend will increase to $1.72. If its dividend yield stays the same, what should be its new share price? The new price will be $ (Round to the nearest cent.)