Mini-Case Valuing Stocks ne cu Your investment adviser has sent you three analyst re- ports for a young, growing company named Vegas Chips, Incorporated. These reports depict the company as spec- ulative, but each one poses different projections of the company's future growth rate in earnings and dividends. three reports show that Vegas Chips earned $1.20 per share in the year just ended. There is consensus that lair rate of return to investors for this common stock is that management expects to consistently eam a 5% return on the book value of equity (ROE = 15%). So E Discuss the feature(s) that drive the differing valuations of Vegas Chips. What additional information do you need to garner confidence in the projections of each analyst report? Mini-Case Valuing Stocks ne cu Your investment adviser has sent you three analyst re- ports for a young, growing company named Vegas Chips, Incorporated. These reports depict the company as spec- ulative, but each one poses different projections of the company's future growth rate in earnings and dividends. three reports show that Vegas Chips earned $1.20 per share in the year just ended. There is consensus that lair rate of return to investors for this common stock is that management expects to consistently eam a 5% return on the book value of equity (ROE = 15%). So E Discuss the feature(s) that drive the differing valuations of Vegas Chips. What additional information do you need to garner confidence in the projections of each analyst report