Here are forecasts for next year for two stocks: Return on equity Earnings per share Dividends per share Stock A 18% $3.00 $2.00 Stock B 13% $2.50 $2.00 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.) Stock A Stock B Payout ratio % % 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.) Stock A Stock B Growth rate % % c. If Investors require a return of 18% on each stock, what are their values? (Do not round Intermediate calculations. Round final answers to 2 decimal places.) PV Stock A Stock B