$3)$ What is the current valuation of XYZ if you expect EPS in $2024$ to be $$14.$ The stock does not pay a dividend. The market multiple is $18$x and XYZ should be valued at a $10\%$ premium to that $($at the end of $2024).$ The required rate of return is $10\%$ assume it is the end of $2023.$

HINT $$ you are arriving at a valuation for the end of $2024$ once you have that you discount that back to the present.

Relative Valuation:

P$/$E $=$ Market Multiple X $(1+$ Premium$)$

Stock Value $=$ P$/$E X EPS