why are all my questions under reviewChem Energy Pte Ltd currently earns $$30$ million before taxes. Its Price$-$Earnings

ratio $($P$/$E$)$ is $28$ times and the company has announced a dividend pay$-$out ratio of

$40\%$ of its current year's earnings as dividend. Chem Energy Pte Ltd had issued $40$

million ordinary shares with par value of $$1$ each.

However, recent high interest rate environment has triggered some uncertainties in

the financial markets. Furthermore, there is little sign of easing in US$-$China trade

tension. As a result, investors' required rate of return has increased to $8\%.$ Assume

that the corporate tax rate is $18\%.$

Click here for Time Value Table and selected formula.

REQUIRED: $($Round up your answers to $2$ decimal places$)$

Compute the following:

i$.$ Chem Energy Pte Ltd earnings per share for the current year

$(3$ marks$)$

ii$.$ Chem Energy Pte Ltd$\text{'}$s value per share using P$/$E ratio method

$(2$ marks$)$

iii. Calculate the value of each Chem Energy Pte Ltd share if its dividend grows at a

constant rate of $4\%$ p$.$a$.$ forever.

$(5$ marks$)$