Robert has the following information available: Pan Asia Mining Co.'s stock (Ticker: PAMC) is trading at $18.75. . The company has forecasted net income and book value of equity for the coming year to be $1,183,500 and $9,262,500, respectively The company has also been paying dividends for the past eight years and has maintained a dividend payout ratio of 37.500000%. Based on this information, Robert's forecast of PAMC's growth rate in earnings and dividends should be: 22.37% 7.19% 7.99% 23.96% Which of the following statements accurately describes the relationship between earnings and dividends when all other factors are held constant? Dividend growth and earnings growth are unrelated. Paying a higher percentage of earnings as dividends will result in a higher growth rate. Long-run earnings growth occurs primarily because firms retain earnings and reinvest them in the business