Show the work

Use this information for questions 1-4: Boucher Service Companys EPS is $3.00. The payout rate is 60%, the growth rate of earnings and dividends is 4%, and required return on equity is 7%. Bouchers ROE is 10% and the firms net profit margin (NPM) is 5%. Assume the constant growth model is appropriate.

What is Bouchers justified dividend yield (D0/P0)? (Enter your answer to the nearest 0.01 percent. Leave the % sign off. In other words, if your answer is 1.23% or 0.0123, enter 1.23 for your answer.)