The Bolten Corporation had earnings per share of $2.60 in 2008and book value per share at the end of 2007 (beginning of 2008) was$13.Sustainable growth model a. What was the firms return on equity (book value) in 2008? b. If the firm pays out $0.78 in dividends per share what is theretention ratio? How much will book value per share be at the endof 2008? Add retained earnings per share for 2008 to book value pershare at the beginning of 2008