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AAPL paid $4.68 in dividend last year. The company has EPS of 15.6, ROE of 16% and required 12.7% rate of return. What is the

AAPL paid $4.68 in dividend last year. The company has EPS of 15.6, ROE of 16% and required 12.7% rate of return. What is the forward P/E ratio for AAPL?

Please do this in excel and show formulas.

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