USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S) Assume that you are an analyst for the U.S. Autoparts industry. Consider the following information that you propose to use to obtain an estimate of year 2002 EPS for the U.S. Autoparts Industry Year 2003 Estimated Year 2004 Personal consumption expenditures $6,800 billion Personal consumption expenditures growth 1.5% Industry Sales per share $525 Industry Operating profit margin 15% Industry Depreciation/Fixed Assets 8.25% Industry Fixed asset turnover 3 Interest rate 6% Industry Total asset turnover 1.2 Industry Debt/Total assets 45% Industry Tax rate 36% In addition a regression analysis indicates the following relationship between growth in industry sales per share and personal consumption expenditures (PCE) growth is %D Sales per share = 0.02 + 1.5(%D PCE) Refer to Exhibit 13-1. Estimate the industry sales per share for the year 2004. a. $574.9 b. $550 c. $625 d. $600.0 e. $585.03