A company recently paid a dividend of $1.35 a share. It has a payout ratio of 67%, a ROE of 23%, and an expected growth rate in earnings and dividends for the foreseeable future of 7.6%. Shareholders require a return of 14% on their investment. The justified price to book value multiple is closest to al Select one: a $1.22 O b. $2.41 C. $3.64 Od $4.03