Company Q's current return on equity (ROE) is 12%. The firm pays out 40 percent of its earnings as cash dividends. (payout ratio = .40). Current book value per share is $54. Book value per share will grow as Q reinvests earnings. Assume that the ROE and payout ratio stay constant for the next four years. After that, competition forces ROE down to 10.5% and the payout ratio increases to .80. The cost of capital is 10.5%. a. What are Q's EPS and dividends in years 1, 2, 3, 4, and 5? (Do not round intermediate calculations. Round your answers to 2 decimal places.) EPS Year 1 $ 6.95 7.45 2 3 0 0 0 Dividends $ 2.78 $ 2.98 $ 3.19 $ 3.42 7.98 4 8.56 5 $ 8.74 $ 7.00 b. What is Q's stock worth per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock worth per share $