1. Based on the following regression whose output estimates the forward P/E ratio for the media industry, estimate the price for CanWest if it just announced earnings of $2.75 per share and has the following known characteristics: Beta = 1.3, Payout = 0.55, Earnings Growth = 0.07

   Regression Statistics
   Multiple R	0.534936
   R Square	0.286157
   Adjusted R Square	0.195028
   Standard Error	0.038288
   Observations	54
   	Coefficients	Standard Error	t Stat	P-value
   Intercept	14.23657	2.41333	5.89914	0.000062
   Beta	-0.10747	0.136177	-0.78923	0.433942
   Payout	-0.61999	0.274706	-2.25693	0.028702
   Earnings Growth	5.12223	2.45351	2.087717	0.04227