Suppose Airpower Co., a renewable energy startup is expected to generate earnings of $8 per share next year. If the mean ratio of share price to expected earnings of competing firms in the same industry is 17 , then using the price-earnings valuation method, the valuation of the firm's shares is: $115.60 per share $136.00 per share $140.08 per share $145.52 per share Which of the following are limitations to the price-earnings model? Check all that apply. It can result in inaccurate valuations when investors rely on an industry price-earnings ratio that uses a collection of firms that is too narrow. It can result in inaccurate valuations when a stock buyback occurs unexpectedly. It can result in inaccurate valuations when the dividends to be paid in the next year are incorrectly estimated. It can result in inaccurate valuations when the firm being evaluated retains a small percentage of its earnings, distributing most of them as dividends