(20 Equity Valuation time - were you listening? Fill in the blanks IBM PoIBM V GOOG Po GOOG V 20-a Price and Value $180.00 $1,100.00 Forward Earnings P/E Multiple expected growth rate g 4.00% target P/E for N years IF your required rate of return is this, what is the Value today you place on the stock required return r $44.00 25.000 11.10% 4.000 $12.50 25.000 14.400 3.000 8.00% 14.000 ttarget P/E 8.00% Value today IBM Vo Value today GOOG Vo and, Changing to approach #2-based on your expected value (line 20) and the rpice you paid, your actual return would be