Boulder Bricks expects to have earning per share of E-$16 next year. As a result, the company expects to pay a dividend next year of DS12 per share. Dividends are then expected to grow at a constant rate of g=4% per year thereafter. If the discount rate for Boulder Bricks stock is r9% per year and the stock is priced fairly, what is the price-earnings ratio (P/E) according to the constant growth dividend discount model? 10.0 12.5 7.5 15.0 O 5.0