Justified PE

An analyst collects the following data for a company:

Current stock price $=$$$40$

Trailing EPS $=$$$3\mathrm{.}70$

Most recent dividend declared $=$$$1\mathrm{.}85$

Dividend growth rate $=8\%$

Required return on equity $=10\%$

Calculate the justified leading, trailing, actual PE and determine if the firm is over$-,$ under$-,$ or fairly valued.

a$.$ The justified leading PE is:

Round your answer to one decimal

b$.$ The justified trailing PE is:

Round your answer to one decimal

c$.$ The actual PE is:

Round your answer to one decimal