Suppose DFB instead paid a dividend of $$$$3\mathrm{.}95$ per share at the end of this year and retained only $$$$2\mathrm{.}04$ per share in earnings. That$$ is$,$ it chose to pay a higher dividend instead of reinvesting in as many new projects. If DFB maintains this higher payout rate in the$$ future, what stock price would you estimate$$ now? Should DFB raise its$$ dividend?$$

If DFB maintains this higher payout rate in the$$ future, the earnings growth rate will be