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Solve dividends EPS and stock prices using the information that follows. Bravo Company just paid a dividend of $1.16. A growth rate for dividends is

Solve dividends EPS and stock prices using the information that follows. Bravo Company just paid a dividend of $1.16. A growth rate for dividends is expected to be 11% over the next five years. The benchmark PE for this industry is 18. Bravo Company has a payout ratio of 35%. The required return is 11%. What are the projected dividends for each of the next five years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 12.34.) What is the EPS in five years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) What is the target stock price in five years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) What is the stock price today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.)

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