Dodo Airlines (DODO) has a current stock price of $48 and a book value per share of \$24. Assume the single-stage growth model is appropriate for valuing the company. DODO's beta is 1.30 , the risk-free rate is 3 percent, and the equity risk premium is 6 percent. If the growth rate is 4 percent, what ROE is required to yield DODO's current P/B ? 10.80%9.60%9.80%17.60%