Suppose That the Average P/E Multiple in the Oil Industry

Suppose that the average P/E multiple in the oil industry is 16.Mobil Oil is expected to have an EPS of $4.50 in the coming year.The intrinsic value of Mobil Oil stock should be ____.

A) $28.12
B) $35.55
C) $63.00
D) $72.00
E) none of these