Shoes 'R' US has projected Net Income next year of $855,775,000 on a basis of 300,000,000 outstanding shares. Their traditional dividend payout ratio is 12.5% and they have $5,445,988,000 worth of equity. Assume inflation is 2% and that other stocks of similar risk return 12.5%. Their growth is assumed to be constant. Expenses are anticipated to be $2,056,778,880 for the entire year and the company expects to maintain current dividend

4. What is Shoes 'R' US sustainable growth rate given a POR of 17%?

4b. What should be the current price per share of Shoes 'R' Us stock based on the following model: Book Value Model