Problem 10-31 (Algo) Common stock value based on determining growth rate [L010-5] Justin Cement Company has had the following pattern of earnings per share over the last five years: The earnings pet share have grown at a constant rate (on a rounded basis) and will continue to do so in the future. Dwidends represent 40 percent of earnings a. Project earmings and dividends for the next year (20x6). Note: Round the growth rote to the neerest whole percent. Do not round ony other intermediate calculations. Round your onswers to 2 decimol ploces. Note: Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your answers to 2 decimal places. b. If the required rate of return (Ke) is 13 percent, what is the anticipated stock price (p0) 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 ploces