The newspaper reported last week that Lowery Enterprises earned $30 thousand this year. The report also stated that the firm’s return on equity is 8….

The newspaper reported last week that Lowery Enterprises earned $30 thousand this year. The report also stated that the firm’s return on equity is 8.7 %. Lowery retains 56 % of its earnings. What is the firm’s earnings growth rate?(Round answer to 4 decimal places, round intermediate calculations to 5 decimal places)
What will next year’s earnings be? (Round answer to 2 decimal places, round intermediate calculations to 5 decimal places. When using previous answers, use the rounded answer as it was given in the answer box)

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