Consider the following scenario and complete the last column and then Assess the sensitivity of the price-earnings ratio to changes in the cost of equity capital and changes in the growth rate:

Table 9

Estimating price earning(P/E) ratios under various scenarios

Scenario	Cost of Equity Capital	Growth Rate in Earnings	P/E Ratio
1	0.13	0.09
2	0.13	0.11
3	0.15	0.09
4	0.18	0.09
5	0.18	0.11