Assume that you have been asked to estimate the PE ratio for a firm which has the following characteristics: High Growth Phase Stable Growth Phase The riskfree rate is 6% and the risk premium used is 5.5%. A. What is the growth rate of the firm for high growth phase? ( 2 points) B. What is the growth rate of the firm for stable growth phase? ( 2 points) C. What's your comment on the stable growth rate you get from the answer (B)? (2points) D. What is PE ratio of the firm using the answers (A) and (B)? (4 points)