E or FALSE: 1. [3 pts) Holt industries is a maker of decorative items. The figures below are for Holt and its industry. Holt listanding Dividend payout ratio Sales growth Total Debt/Total Equity 25% 7.5% 113% Industry Average 16% 3.9% 68% Using Dividend Growth Model, which of the above factors suggest a higher fundamental P/E ratio for Holt? a. The higher dividend payout ratio supports Holt having a higher P/E ratio than the industry. T F b. Higher growth in sales supports Holt having a higher P/E ratio than the industry, -TF c. The higher level of debt supports Holt having a lower P/E ratio than the industry. . TF ANSWER: 2. (2 pts) An analyst has made the following estimates for a stock