Solve the problem below:

Use this information for questions 1-4: Boucher Service Companys EPS is $3.00. The payout rate is 60%, the growth rate of earnings and dividends is 4%, and required return on equity is 7%. Bouchers ROE is 10% and the firms net profit margin (NPM) is 5%. Assume the constant growth model is appropriate.

What is Bouchers justified price/sales ratio (P0/S0)?