Jane Doe is an equity analyst. On January 1, 2020, she decides to evaluate the stock of ABC Computer Company. The market price for the stock is $45. She compiles the financial data in the table shown below. As the final financial results for 2019 have not been yet released, the data for 2019 is estimated Actual 2015 1.04 Year EPS Ending BV per share ROA ROE Actual 2016 1.23 15.92 2.696 7.7% Actual 2017 1.65 17.37 3.2% 9.5% Actual Estimated 2018 2019 1.11 1.22 18.28 19.91 2.0% 2.1% 6.1% 6.3% 14.89 2.3% 7.0% Jane determines that the period from 2015 - 2018 reasonably captures the operating cycle for the company. What is the normalized EPS based on the method of average ROE