Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 24,236 13,216 25,584 $ 63,036 EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Llabilities and Owners' Equity 2018 2017 Current liabilities 26.000 Accounts payable $ 21,220 17,100 Notes payable 19,000 29,000 Other 11,543 72,100 Total $ 51,763 Long-term debt $ 88,000 Owners' equity Common stock and paid-in surplus $ 45,000 Retained earnings 131,341 $ 29,000 10,900 18,300 58,200 $ 100,800 $ 45,000 233,000 Fixed assets Net plant and equipment Total assets 364,900 Total $ 253,068 $316,104 $ 176,341 $ 316,104 $ 278,000 $437.000 437,000 Total liabilities and owners' equity EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales Cost of goods sold Depreciation Earnings before interest and tax Interest paid Taxable income Taxes (40%) Net income Dividends $29.000 Additions to retained earnings 101.659 $ 537,395 257.000 48.800 $ 231.595 13,830 $ 217.765 87 106 $ 130, 659 a) Earl Grey Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $21. a) What is the price earnings ratio? b) What are the dividends per share? c) What is the market-to-book ratio at the end of 2018? d) If the company's growth rate is 8 %, what is the PEG ratio? b) Halley Corp. has a 14% ROE and a 30% payout ratio. What is its sustainable growth rate