Problem $10-30$

The earnings per share have grown at a constant rate $($on a rounded

basis$)$ and will continue to do so in the future. Dividends represent $40$

percent of earnings.

a$.$ Project earnings and dividends for the next year $(20$Z$).($Do not round

intermediate calculations. Round the final answers to $2$ decimal

places.$)$

b$.$ If the required rate of return is $13$ percent, what is the anticipated share

price at the beginning of $20$XZ$?($Do not round intermediate

calculations. Round the final answer to $2$ decimal places.$)$

Anticipated stock price

$