We know the stock market has a mean ROR of .12. We have the following information for the smart phone industry. The assets, debt, sales, and net profit are $2, $.4, $.5 and $.3 trillion. The industry keeps $250 billion of its profit and pays $50 billion to the shareholders, now. The unlevered beta is 1.3 and the tax rate is .35. The T bond rate is .02. We want to compute the ROE and the growth rate for the smart phone industry, as well as the industrys market value.

Please include formulas with your answer.