a. What is the firms current book value per share? (please show work using the formulas)

b. What is the firms current P/E ratio? (please show work using the formulas)

Data item		2015 value
Earnings per share (EPS)		$8.26
Price per share of common stock		$104.25
Book value of common stock equity		$325,000,000
Total common shares outstanding		8,300,000
Common stock dividend per share		$4.05
Data Points
Beta, b	Required Return, K
0	2.25%
.25	4.600%
.5	6.950%
.75	9.300%
1	11.650%
1.25	14.000%
1.5	16.350%
1.75	18.700%
2.0	21.050%