2h.ch11.15 Question 15 of 25 LeBlanc Inc. currently has earnings of $10 per share, and investors expect that the earnings per share will grow by 3 percent per year. Furthermore, the mean PE ratio of all other firms in the same industry as LeBlanc Inc. is 15. LeBlanc is expected to pay a dividend of $3 per share over the next four years, and an investor in LeBlanc requires a return of 12 percent. The estimated stock price of LeBlanc today should be using the adjusted dividend discount model. O O O a. 161.15 b. 116.41 C. 104.91 O d. None of these choices are correct. 0= Icon Key