The risk-free rate of return is 8%, the expected rate of return on the market portfolio is 15%, and the stock of ABC Company has a beta coefficient of 1.2. ABC Company pays out 40% of its earnings in dividends, and the latest earning announced were $10 per share. Dividend were just paid and are expected to be paid annually. You expect that ABC Company will earn a ROE of 20% per year on all reinvested earnings forever