Hi, I need help with this question as a whole. Attached is a picture of the question with all three parts.

Question 1 Suppose it is January 1, 2018. You have the following year-end 2017 balance sheet and year 2018 pro forma income statement information for Canine Corporation, a retailer: Balance Sheet, Dec. 31, 2017 13min Pro Forma Income Statement, 2018 {$mil) Cash 10 Debt 0 Sales 200 Accts. Receivable 10 Cost of Goods Sold 150 Inventories 30 Equity 100 Selling, Gen. & Admin. Exp, 40 Property, Plant, Equip. 50 _ Net Income 10 Total Assets 100 Total Liab. & NW 100 Dividends 2 a) Canine's shareholders have a required rate of return of 12%. Canine is expected to grow indenitely at its sustainable growth rate, and its return on equity (ROE) and dividend payout ratio are expected to remain the same each year for the foreseeable future. What is the market value of Canine's equity? b) Selected average nancial ratios for other companies in Canine's industry are: Industry Average Canine Gross Prot Margin 20% Net Prot Margin 8% Total Asset Turnover 2.5 Inventory Conversion Period 40 days Equity Multiplier 1.0 Fill in the analogous nancial ratios for Canine, based on its nancial statement data. c) The average dividend payout ratio for other companies in Canine's industry is 80%, and shareholders' required rate of return for these companies is 12%. What do you estimate the average forward price-eamings (PE) ratio to be for these other companies in the industry? What steps would you recommend that Canine take in order to improve its nancial performance relative to its industry competitors