QUESTION 14 You expect TDK Industries (TOK) will have eamings per share of 52,50 this year and expect that they will pay out 515 of these earnings to shareholders in the form of a dividend. TDK retum on new investments is 12% and their equity cost of capital is 10%. The expected growth rate for KTI's dividends is closest to 48% 4.5% 75% 90%