Here are forecasts for next year for two stocks:

a$.$ What are the dividend payout ratios for each firm?

b$.$ What are the expected sustainable dividend growth rates for each stock? Assume dividend has a steady growth for both stocks.

c$.$ If investors require a return of $16\%$ on each stock, what are their values?

Complete this question by entering your answers in the tabs below.

If investors require a return of $16\%$ on each stock, what are their values?

Note: Do not round intermediate calculations. Round final answers to $2$ decimal places.