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The answer is -$2.78, I just need help understanding the math behind. No excel formulas please. Public Imagination, Ltd. has an ROE of 16%, a

The answer is -$2.78, I just need help understanding the math behind. No excel formulas please.
Public Imagination, Ltd. has an ROE of 16%, a plowback ratio of 75%, earnings for next year of $2 per share, and its stock has a required return of 18%. What is the PVGO for PIL? Click the answer you think is right. $11.11 $6.25 $2.78 $1.78

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