9. The market capitalization rate on the stock of Firm E is 7%. Its expected net income is 200989, its book value is 3954653 and its expected EPS is $2.6. If the firm's plowback ratio is 70%, its P/E ratio will be _________. Round to 3 decimals.

11. Firm F, has 1500000 common shares outstanding and expected net income of $897562 for next year. The firm's book value is $4000000, and its earnings retention ratio is 78%. The firm has no preferred stocks outstanding. If the firm's market capitalization rate is 8.8%, what is the present value of its growth opportunities?"