The Bouchard Company's EPS was $6.10 in 2021, up from $3.95 in 2016 . The company pays out 40% of its earnings as dividends, and its common stock sells for $33.00. a. Calculate the past growth rate in earnings. (Hint: This is a 5-year growth period.) Round your answer to two decimal places. % b. The last dividend was D0=0.40($6.10)=$2.44. Calculate the next expected dividend, D1, assuming that the past growth rate continues. Do not round intermediate calculations. Round your answer to the nearest $ c. What is Bouchard's cost of retained earnings, rs ? Do not round intermediate calculations. Round your answer to two decimal places. %