Sam's Fine Garments sells jackets and sports coats in suburban malls throughout the country. Business has been good, as indicated by the nine-year growth in earnings per share. The earnings have grown from $1.00 to $2.55. (Use a Financial calculator to arrive at the answers.) a. Determine the compound annual rate of growth in earnings ( n=9 ). Use Appendix A. (Round the final answer to 2 decimal places.) Compound annual rate of growth % b. Based on the growth rate determined in part a, project earnings for next year ( E1). (Round compound annual rate of growth to 2 decimal places. Round the final answer to 2 decimal places.) E1$ c. Assume the dividend payout ratio is 45 percent. Compute D1. (Round intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) D1$ d. The current price of the stock is $20. Using the growth rate (g) from part a and D1 from part c, compute Ke. (Round compound annual rate of growth to 2 decimal places. Round the final answer to 2 decimal places.) ke e. If the flotation cost is $3.00, compute the cost of new common stock (Kn). (Round compound annual rate of growth to 2 decimal places. Round intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) kn%