The Bouchard company's EPS was $5.39 in 2016, up from $3.08 in 2011. The company pays out 55% of its earnings as dividends, and its common stock sells for $33. a. calculate the past growth rate in earnings. % b. The last dividend was D_o = 0.55($5.39) = $2.96. Calculate the next expected dividend, D_1, assuming that the past growth rate continues. Do not round of intermediate calculations. Round your answer to the nearest $ c. What is Bouchard's cost of retained earnings, r_s? Do not round your intermediate calculations. %