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Rick's Department Stores has had the following pattern of earnings per share over the last five years: The earnings per share have grown at a

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Rick's Department Stores has had the following pattern of earnings per share over the last five years: The earnings 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 dividends for the next year (20XZ). (Do not round intermediate calculations. Round the final answers decimal places.) b. If the required rate of return is 13 percent, what is the anticinbted share price at the beginning of 202? (Do not round intern colculations. Round the final answer to 2 decimal.places.)

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