Turner plc is expected to earn 5.14 a share in the next year and projected to pay 36% of earnings as dividend. The CFO of Turner plc has forecasted that the earnings would grow at 8.5% per year over the next 5 years. Investors required rate of return from JB plc is 7.4% Required: a) Calculate the earnings and dividends of the next five years. (10 marks) b) If the earnings growth rate falls to 4% in year 6 calculate the expected share price at the end of the year 5. (7 marks) c) Calculate the value of the share of Turner plc today