Required:

a$.$ MF Corporation has an ROE of $14\%$ and a plowback ratio of $40\%.$ If the coming year's earnings are expected to be $$2$ per share, at what price will the stock sell? The market capitalization rate is $12\%.($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Price

b$.$ What price do you expect MF shares to sell for in three years? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Price