Question 6 (8 points) As of December 2019, you are researching COF International, a company subject to cyclical demand for its services. COF share closed at $101.55 on December 31, 2019. You believe the 2014 2018 period reasonably captures average profitability: (8 points) Measure EPS 2018 $11.9 $101.15 2017 $3.52 $91.39 2016 S6.96 $89.88 2015 2014 $7.15 $7.71 $83.49 S78.23 BV per share ROE 12% 4.4% 8% 8.7% 10.2% a) Calculate a normalized EPS for COF based on the method of historical average EPS and then calculate the P/E based on normalized EPS. (4 points) b) Calculate a normalized EPS for COF based on the method of average ROE and the P/E based on normalized EPS. (4 points) In your written response, please start with question numbers such as a) or b) before showing your work and answer to the