Question: Solve dividends EPS and stock prices using the information that follows. Bravo Company just paid a dividend of $ 1 . 1 8 . A

Solve dividends EPS and stock prices using the information that follows. Bravo Company just paid a dividend of $1.18. A growth rate for dividends is expected to be 13% over the next five years. The benchmark PE for this industry is 20. 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?
(Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,12.34.)
What is the EPS in five years?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,12.34.)
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?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,12.34.)

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