A Moving to another question will save this response. Question 1 of 14 Question 1 1 points Save Answ International Flavors and Fragrances, a leading creator and manufacturer of flavors and fragrances, paid out dividends of $0.75 per share on earnings per share of $1.64 in 1992. The firm is expected to have a return on equity of 20% between 1993 and 1997, after which the firm is expected to have stable growth of 6% a year (the return on equity is expected to drop to 15% in the stable growth phase.) The dividend payout ratio is expected to remain at the current level from 1993 to 1997. The stock has a beta of 1.10, which is not expected to change. The cost of equity will be 13.05% throughout. Estimate the P/E ratio for International Flavors, based upon fundamentals. 10.54 8.99 8.41 9.97 A Moving to another question will save this response. Question 1 of 14 > MacBook Air A Moving to another question will save this response. Question 1 of 14 Question 1 1 points Save Answ International Flavors and Fragrances, a leading creator and manufacturer of flavors and fragrances, paid out dividends of $0.75 per share on earnings per share of $1.64 in 1992. The firm is expected to have a return on equity of 20% between 1993 and 1997, after which the firm is expected to have stable growth of 6% a year (the return on equity is expected to drop to 15% in the stable growth phase.) The dividend payout ratio is expected to remain at the current level from 1993 to 1997. The stock has a beta of 1.10, which is not expected to change. The cost of equity will be 13.05% throughout. Estimate the P/E ratio for International Flavors, based upon fundamentals. 10.54 8.99 8.41 9.97 A Moving to another question will save this response. Question 1 of 14 > MacBook Air