Question: Problem 6 - 9 Growth Rate The newspaper reported last week that Huang Enterprises earned $ 3 4 . 1 5 million this year. The

Problem 6-9 Growth Rate
The newspaper reported last week that Huang Enterprises earned $34.15 million this year. The report also stated that the firms return on equity is 17 percent. The firm retains 80 percent of its earnings.
What is the firm's earnings growth rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
What will next year's earnings be?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g.,1,234,567.

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