Question: Please show all steps and double check your work! Question 12 1 pts The current price of PTO Industries stock is $78.28 per share. Current

Please show all steps and double check your work!

Question 12 1 pts The current price of PTO Industries stock is $78.28 per share. Current earnings per share are $3.48, the earnings growth rate is 3 percent, and PTO does not pay a dividend. The expected return on PTO stock is 12] percent. What one-year ahead P/E ratio is consistent with PTO's expected return and earnings growth rate? Answer to two decimal places

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