Low Tech Chip Company is expected to have EPS of $2.50 in the coming year .The expected ROE is 14%.An appropriate required return on the stock is 11%.If the firm has a dividend payout ratio of 40%,the intrinsic value of the stock should be
A)$22.73
B)$27.50
C)$28.57
D)$38.46
E)none of the above

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The Answer of Low Tech Chip Company is expected to have EPS of $2.50 in the coming year .The expected ROE is 14%.An appropriate required return on the stock is 11%.If the firm has a dividend payout ratio of 40%,the intrinsic value of the stock should be
A)$22.73
B)$27.50
C)$28.57
D)$38.46
E)none of the above

Low Tech Chip Company Is Expected to Have EPS of $2.50