A firm has a required rate of return of 0.145. Its expected

Last updated: 7/16/2022

A firm has a required rate of return of 0.145. Its expected ROE is 0.151 and expected earnings per share are 7.4. If the firm's payout ratio is 0.5, what is the firm's sustainable or intrinsically justifiable P/E ratio? 7.971 7.194 8.489 7.557 8.198