An investor with a required return of $14$ percent for very risky investments in common stock has analyzed three firms and must decide which, if any, to purchase. The information is as follows:

Firm A B C

Current earnings $ $2\mathrm{.}00$ $ $3\mathrm{.}10$ $ $6\mathrm{.}50$

Current dividend $ $1\mathrm{.}30$ $ $3\mathrm{.}60$ $ $7\mathrm{.}30$

Expected annual growth rate in $7\%1\%-3\%$

dividends and earnings

Current market price $ $24$ $ $32$ $ $45$

What is the maximum price that the investor should pay for each stock based on the dividend$-$growth model? Round your answers to the nearest cent.

Stock A: $

Stock B: $

Stock C: $

If the investor does buy stock A$,$ what is the implied percentage return? Round your answer to two decimal places.

$\%$

If the appropriate P$/$E ratio is $14,$ what is the maximum price the investor should pay for each stock? Round your answers to the nearest cent.

Stock A: $

Stock B: $

Stock C: $

If the appropriate P$/$E ratio is $6,$ what is the maximum price the investor should pay for each stock? Round your answers to the nearest cent.

Stock A: $

Stock B: $

Stock C: $