Question: The newspaper reported last week that Bennington Enterprises earned $ 1 8 . 5 million this year. The report also stated that the firm's ROE

The newspaper reported last week that Bennington Enterprises earned $18.5 million this year. The report also stated that the firm's
ROE is 17 percent. Bennington retains 85 percent of its earnings.
a. What is the firm's earnings growth rate? (Round the answer to 2 decimal places.)
Earnings growth rate
b. What will next year's earnings be?(Enter the answer in dollars, not millions of dollars. Omit $ sign in your response.)
Next year's earnings
The newspaper reported last week that Bennington Enterprises earned $18.5 million

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