Suppose that PowerWind Co., a renewable energy startup, currently has earnings of $5 per share and that Amy anticipates the earnings per share to grow by 4 percent per year. Using a mean industry PE ratio of 15 and the expected annual growth rate on the firm's existing earnings, the estimated stock price in three years is: $81.83$84.36$86.89$91.11 Suppose PowerWind Co. is expected to pay a dividend of $3 per share over the next three years, that Amy's required rate of return is 14 percent, and that she plans to sell the stock at the end of the three-year time period. Under these circumstances, using the adjusted dividend discount model. the value of the stock today is \$57.51 per share $63.90 per share 165 82 per share $68.37 per share Which of the following are limitations ta the price-eatnings model? Check aul that apply It ascumes that the dividend growth rate will rever be lower than the required rate of retum It can resuit in inacourate valuations when investors rely on an industry price-eamings ratio that assigns incorrect wilghting to yariout Industry hirtme. The required rate of return by investers is incorrectly estimated. It can result in inaccurate valuabons when investors rely on an industry price-earnings retio that urses a collection of firms that is too nartow, when additional competitors could have also been used