Question: Part B. is wrong and I am not sure what I am doing wrong. The rest of the parts are based off the question before.

Part B. is wrong and I am not sure what I am doing wrong. The rest of the parts are based off the question before. Part B. is wrong and I am not sure what I amdoing wrong. The rest of the parts are based off the question

Business has been good for Keystone Control Systems, as indicated by the eleven-year growth in earnings per share. The earnings have grown from $1.00 to $1.71. a. Determine the compound annual rate of growth in earnings (n = 11). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Compound annual rate of growth 4.99% b. Based on the growth rate determined in part a, project earnings for next year (E1). (Do not round intermediate calculations. Round your answer to 2 decimal places.) E1 $ 2.56 c. Assume the dividend payout ratio is 45 percent. Compute D. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 01 d. The current price of the stock is $16. Using the growth rate (g) from part a and (D) from part c, compute K. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Ke % e. If the flotation cost is $1.50, compute the cost of new common stock (Kn) using growth rate (g) from part a and dividend (D) from part c. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Kn

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