CH7 instructions Ihelp Question 2 (of 10) E) Save & Exit Submit 2. 145 points Problem 7-13 Stock Valuation and PE Ratio LO 2] The Sleeping Flower Co. has earnings of $1.74 per share If the benchmark PE for the company is 12, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current stock price If the benchmark PE for the company is 16, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) urrent stock price References eBook & Resources Worksheet Difficulty: 1 Basic Section: 7.1 Common Stock Valuation Problem 7-13 Stock Valuation and PE Ratio [LO 2 Learning Objective: 07-01 Assess how stock prices depend on future dividends and dividend growth