Step by step solution required for these two questions

Question 9 O out of 0.5 points Markhem Enterprises is expected to earn $1.34 per share this year. The company has a dividend payout ratio of 43% and a P/E ratio of 18. What should one share of common stock in Markhem Enterprises be selling for in the market? Selected Answer: 10.37 Correct Answer: 24.12 + 0.01 Question 10 0.5 out of 0.5 points If the market multiple is 19 and the P/E ratio of GLOO company is 22, then GLOO's relative P/E is: Selected Answer: 1.16 Correct Answer: 1.16 +0.01