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 dividen

[answerhappygod]

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 $38.00.
Calculate the past growth rate in earnings. (Hint: This
is a 5-year growth period.) Round your answer to two decimal
places.
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 cent.
What is Bouchard's cost of retained earnings, rs? Do
not round intermediate calculations. Round your answer to two
decimal places.