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Sidman Products's common stock currently sells for $ 7 4 a share. The firm is expected to earn $ 8 . 1 4 per share

Sidman Products's common stock currently sells for $74 a share. The firm is expected to earn $8.14 per share this year and to pay a year-end dividend of $2.70, and it finances only with common equity.
If investors require an 11% return, what is the expected growth rate? Do not round intermediate calculations. Round your answer to two decimal places.
%
If Sidman reinvests 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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