Problem 10-31 (Algo) Common stock value based on determining growth rate [LO10-5] Justin Cement Company has had the following pattem of earnings per share over the last five years: The eornings 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 cividends for the next year (206). Note: Round the growth rete to the nearest whole percent. Do not round any other Intermediate calculations. Round your answers to 2 decimal places. b. Ffithereguired raie of retum x2)1513 percent what is the anticipated stockppice 1 is at the beginning of 206 ? Note: Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your answer to 2 decimal pleces