Question: The Bouchard Company's EPS was $ 5 . 9 0 in 2 0 2 1 , up from $ 3 . 4 7 in 2

The Bouchard Company's EPS was $5.90 in 2021, up from $3.47 in 2016. The company pays out 30% of its earnings as dividends, and its common stock sells for $34.00.
a. Calculate the past growth rate in earnings. (Hint: This is a 5-year growth period.) Round your answer to two decimal places.
%
the nearest cent.
$
c. What is Bouchard's cost of retained earnings, rs? Do not round intermediate calculations. Round your answer to two decimal places.
%
The Bouchard Company's EPS was $5.90 in 2021, up from $3.47

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