For Multiple Choice (18@ 4 points = 72 points) please pick the one best answer Version 1-5 A company has had net income of S4 million over the last year and expects its earnings to grow at a constant rate of 3% Your required rate of return for this company is 12%. If the company maintains a constant payout ratio of 40% and has one million shares issued what is the value of the stock today? A. $17.78 B. $18.31 C. $27.47 D. $28.14 E. $30.22 A eamnany had net income of $1 million and the industry it's In has a P/E ratio of 1ox. If the company's P/E ratio is traditionally