Look at Table 8.3 and notice that the P/E ratio for Procter & Gamble seems high at 25.77 relative to the growth (8.47 percent) that analysts expect. Procter & Gamble earned $5.23 per share and paid a $3.16 dividend last year. You decide to explore this apparent anomaly and figure out what Procter & Gamble’s stock price might reach in five years.