please show all work and formulas

6. The CEO at Yolo Co. has implemented a new growth plan, which cuts the dividend and reinvests the rest in a high-growth investment. The company implemented the plan today and has just paid a reduced dividend of $1.20. It will keep its dividend at $1.20 per share at the end of next year. In subsequent years, it will target 50% dividend payout ratio. Yolo just reported the year-end earnings per share (EPS) of $3. The return on new investment is 12% and the company's equity cost of capital is 8%. a. What is Yolo's growth rate (go-1) and expected EPS at the end of Year 1? b. What is the growth rate (g1-2) and expected EPS at the end of Year 2? c. What is the growth rate of the earnings for the subsequent years? d. Find Yolo's current stock price under the new plan