Use the information below to answer Questions 27 to 30. Emily Inc., a large tech company, is considering making an offer to purchase Laura Inc., a smaller computer company. Both firms are all-equity financed. You have collected the following information on the two companies as of the end of the current year: Price-earnings ratio Shares outstanding Earnings Emily 8 1,000,000 $3,000,000 Laura 6 440,000 $880,000 Laura Inc. currently pays out an annual dividend of $0.80 per share. Security analysts expect that, with its current stand-alone operations, Laura's annual dividends per share would grow perpetually at 5% per year. However, Emily's management believes that the acquisition of Laura would open up some new growth opportunities that would result in perpetual annual growth of Laura's dividends per share