The common stock of Devina Company is currently selling for $40 per share.It is expected that Devina will pay a dividend equal to $3.75 per share this year,D1. Inaddition, analyses have indicated that the company has been growing at a constant rate of3 percent, and this growth is expected to continue forever.a. What is Devinas costof retained earnings this year?b.Find the expected price of this stock next year? (i.e., the end of year 1)c.) What would bethe cost of retained earnings one year from now?