Statement of financial position as at 31 December 2005 Ordinary Share Reeves PAR 100 100 200 200 Profits after tax for the year ended 31 December 2006 PKR 20. Dividend (a 40% py-out) PKR 8 Statement of financial position as at 31 December 2006 112 PKR PKR Assets 212 Ordinary Shares 100 Reserves 212 212 If the company return on equity and earnings retention rate remain the same, what will be the growth in dividends in the next year (2007