Which of the following factors typically will NOT influence the magnitude of the price-earnings (P/E) ratio?

	1.	An increase in the size of the firm as measured by its total assets through internal expansion, all else remaining unchanged
	2.	An increase in the firms degree of operating leverage (OLEV), all else remaining unchanged
	3.	An increase in the firms dividend payout ratio, all else remaining unchanged
	4.	The industry sector within which the firm operates