Whitmore Inc. just reported earnings of $15 million. It plans to retain 25% of its earnings and payout the rest in the form of a dividend. The historical ROE for the firm is 12%, a figure expected to continue for the foreseeable future. Calculate the projected earnings one year from today. (Round to 2 decimals) QUESTION 9 Jokoy Inc. has an issue of preferred stock outstanding that pays a dividend of $8 annually in perpetuity. If this issue currently sells for $124 per share, calculate the required rate of return on the investment. (Enter percentages as decimals and round to 4 decimals) HERTIAN IA Click Save and Submit to save and submit. Click Save All Answers to save all answers