Rowell Products stock is currently selling for $60 a share. The firm is expected to earn $5.40 per share this year and to pay a year-end dividend of $3.60.

A: If investors require a 9 percent return, what rate of growth must be expected for Rowell?

B: If Rowell reinvests retained earnings in projects whose average return is equal to the stock's expected rate of return, what will be next year's earnings per share?