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Piper Jaffray Securities expects made the following forecasts for a Hi-tech firm, TXI Inc at the end of 2013. PJ is expecting an uneven above-average

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Piper Jaffray Securities expects made the following forecasts for a Hi-tech firm, TXI Inc at the end of 2013. PJ is expecting an uneven above-average growth in Abnormal Earnings Growth Specifically, TXI is expected to have an initial 5-year period of 12% per year growth after 2018. Analysts anticipate that TXI will have a 6% growth in AEG in its mature phase and allow 9 years for the linear transition. (Cost of Equity = 11%) and allow 9 yea 2014 2015 2016 2017 2018 EPS 1.92 2.07 2.22 2.53 2.81 0.39 0.42 DPS 0.24 0.34 0.38 Which of the following is closest to the price per share at the end of the year 2014? O 21.89 O26.66 O 29.35 D O 33.89 O 34.12 O None of the above

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