$2)$ You estimate that Company B will have EPS of $$3\mathrm{.}00$ next year, $$4\mathrm{.}00$ per share in year $2$ and EPS of $$5\mathrm{.}00$ per share in year $3.$ The required rate of return is $11\%.$a$.$ What is your estimate of Company B$\text{'}$s intrinsic value if you expect the company to have a dividend payout ratio of $30\%$ and sell at a P$/$E multiple of $16$ at the end of year $3.$b$.$ What is your estimate of Company B$\text{'}$s intrinsic value if you expect the company to have a dividend payout ratio of $20\%$ and sell at a P$/$E multiple of $18$ at the end of year $3.$c$.$ What is your estimate of Company B$\text{'}$s intrinsic value if you expect the company to have a dividend payout ratio of $50\%$ and sell at a P$/$E multiple of $12$ at the end of year $3.$