Questien 9: [1D peintsj. {Relative valuation of cemmen steak} Using the PE ratie approach 11:: valuatien, calculate the value of a share ef stack under the felldwing canditiens: the invester's required rate ef return is 13 percent. the expected level ef earnings at the and ef this veer {E1} is $6. the firm fellows a peliev ef retaining 40 percent cut its earnings. the return an equity {ROE} is 15 percent. and similar shares ef steck sell at multiples ef 3.5?1 times earnings per share. lilil New ehmvthet veu get the same answer using the diseeunted dividend medel. {Reund to the nearest cent.)