Sams 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 $1.68

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 $1.68. (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 30 percent. Compute Dt (Round Intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) D1 d. The current price of the stock is $10. Using the growth rate (g) from part a and Dy from partc, 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 $2.25, 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