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  3. 9. a stock's p/e ratio is 15.5 at a time when net

9. A stock's P/E ratio is 15.5 at a time when net earnings are $60...

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9. A stock's P/E ratio is 15.5 at a time when net earnings are $60 million, there are 20 million shares of common stock outstanding and the dividend payout ratio is 40%, what is the stock's current price? A. $24.30 B. $46.50 C. $22.22 D. $40.50 10. What is the maximum that should be invested in a project at time zero if the inflows are esti- mated at $55,000 annually for 3 years, and the cost of capital is 9%? A. $139,221 B. $109,200 C. $126,564 D. $130,800

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