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Sidman Products's common stock currently sells for $57 a share. The firm is expected to earn $5.13 per share this year and to pay a

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Sidman Products's common stock currently sells for $57 a share. The firm is expected to earn $5.13 per share this year and to pay a year-end dividend of $2.20, and it finances only with common equity. a. If investors require a 9% return, what is the expected growth rate? Do not round intermediate calculations. Round your answer to two decimal piaces. of b. If Sidman reimvests retained earnings in projects whose average return is equal to the stock's expected rate of return, what will be next year's EPS? (Hint: g=(1 - Payout ratio)ROE). Do not round intermediate calculations. Round your answer to the nearest cent. $ per share

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