Required: Hornberger, Incorporated recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.08 per share. Hornberger has a return on equity of 11.60%. What percentage of its earnings does Hornberger plow back into the firm? (Do nof round intermediate calculations. Round your answer to 2 decimal places.) The market capitalization rate for Admiral Motors Company is 6%. Its expected ROE is 10% and its expected EPS is $5. The firm's plowback ratio is 50%. Required: a. Calculate the growth rate. (Input your answer as a nearest whole percent.) b. What will be its P/E ratio? (Do not round intermediate calculations.)