Here are forecasts for next year for two stocks: a. What are the dividend payout ratios for each firm? (Do not round intermediate calculations. Enter your answers as a percent rounded to the nearest whole number.) b. What are the expected dividend growth rates for each stock? Assume dividend has a steady growth for both stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) c. If investors require a return of 16% on each stock, what are their values? (Do not round intermediate calculations. Round final answers to 2 decimal places.)