An investor estimates that next​ year’s sales for​ Dursley’s Hotels Inc. should amount to about ​$100 million. The company has 5 million shares​ outstanding, generates a net profit margin of about 10​%, and has a payout ratio of 50​%. All figures are expected to hold for next year. Given this​ information, compute the following. a. Estimated net earnings for next year. b. Next​ year’s dividends per share. c. The expected price of the stock​ (assuming the​ P/E ratio is 24.5 times​ earnings). d. The expected holding period return​ (latest stock​ price: ​$40 per​ share).