Baytown Industries is expected to pay a per-share cash dividend of $2.00 per share next year, and $270 per share in the following year (two years from now). They are expected to have earnings per share of $4,00 next year, and $5.15 in the following year two years from now). The current stock price for Baytown is $67.50 per share and they have a current P/E ratio for earnings multiple) of 22.5. You expect Baytown to experience a higher earnings multiple in the future and project their P/E (earnings multiple) will be 24 in two years. Using the P/E Valuation model, calculate an expected price for their stock for two years from now, and then using a required return of 11% calculate an estimate of what you think the stock should be worth today. What is your estimated stock value per share, for Baytown? Multiple Choice o o o o o