We want to compute the ROE and the growth rate for the smart phone industry. 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 .75 of its profit and pays $50 to the shareholders, now. The unlevered beta is 1.3 and the tax rate is .35. Also, the T bond rate is .02. Derive the industrys market value.