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Sam's Fine Garments sells jackets and sports coats in suburban malts throughout the country. Business has been good, as indicated by the sevenyear growth in

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Sam's Fine Garments sells jackets and sports coats in suburban malts throughout the country. Business has been good, as indicated by the sevenyear growth in earnings per share. The eamings have grown from $100 to $282. (Use a Finsncial calculasor to arrive ot the answern.) a. Determine the compound annual rate of growh in eamings (n n 7). Use Appendix A (Round the final answer to 2 decimal places) Compound annual rate of growth b. Based on the growth rate determined in part a, project eamings for next year (E) (Round compound annual rate of growth to 2 decimal places. Round the final answer to 2 decimal places.) E1$ c. Assume the dividend payout ratio is 20 percent. Compute D, (Round intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) D15 d. The current price of the stock is $24. Using the growth rate (a) from part a and D f from part c, compute Ke (Round compoumd annuel rate of growth to 2 decimal ploces. Round the final onswer to 2 decimol ploces.) Hin

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