Could you please answer these questions step by step using the necessary formula or a finance calculator, if you're using the finance calculator, please let me know the inputs and what did you do. 18) Hawk Co. retains 30% of its earnings each year for reinvestment and earns a 12% rate of return on these funds. If the company anticipates a dividend of $5 to be paid at the end of the year and the required rate of return is 14%, (a) Calculate the company's growth rate in future earnings. (b) Calculate the value of Hawk shares. 17) Due to the current global economic conditions, Zoro Ltd stopped its dividend payments. Dividends of $3.75 are expected to start again in five years and are expected to increase at a rate of 4% per year thereafter. If the required rate of return is 11%, what is the current value of the firm's shares? 16) An issue of bonds with par of $1000 matures in 12 years and pays interest at 7% annually. The current quoted market price is $1200 and the investors required rate of return is 8%