A&E Investments believes that Faverzani Inc. $($FI$)$ will report earnings$-$per$-$share in one year $(EP{S}_1)$ of $$3\mathrm{.}3.$ A&E also expects that Fl$\text{'}$s return on new investments $($i$.$e$.,$ ROE$)$ is $15\%$ and that the required rate of return on $FI$ stock is $15\%.$ Based on these expectations, what would be Fl$\text{'}$s stock price today?

$$3\mathrm{.}3$ cross out

$$22\mathrm{.}0$ cross out

$$27\mathrm{.}5$ cross out

Unable to answer; the retention ratio $($plowback ratio$)$ is cross out not given.

$$33\mathrm{.}0$

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Last saved at $9$:$41$:$33$