Calculate the trailing and forward P/E ratios using the following assumptions: RF = 5 percent; β = 0.65; market risk premium = 5 percent; dividends and earnings grow at 6 percent indefinitely; and the firm maintains its current dividend payout ratio.

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Sales Cost of goods sold Depreciation Interest Income tax Dividends $1,550,000 350,000 400,000 150,000 260,000 300,000 500,000 10x Common shares outstanding P/EBITDA