Suppose a company had an ROA of 10\%, a Debt Ratio of 50\%, a Dividend Payout Ratio of 70% and a cost of capital of 12%. If the company's expected earnings next year was 510 per share, what ls the expected price per share of the stock? QUESTION 22 Between the end of year 2020 and 2021, Frank Ine's Equity balance went from $2,000 to $2,600. During that year, the company had a Net Income of $500 and paid out dividends in total of $300. Frank Inc's issued $ in new common slock in 2021 (assuming Retained Eamings and Common Stock are the only Equity accounts). QUESTION 23 Company XYZ is expected to have Free Cash Flow of 5100 next year. You believe this will grow at a rate of 4% per year, forever, If Company XYZ has a Weighted Average Cost of Captal (WACC) of 10%, the value of Company XYZ is 5