Solve dividends EPS and stock prices using the information that follows. Bravo Company just paid a dividend of $1.26. A growth rate for dividends is expected to be 11% over the next five years. The benchmark PE for this industry is 21. Bravo Company has a payout ratio of 45%. The required return is 13%. What are the projected dividends for each of the next five years? What is the target stock price in five years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) What is the stock price today