Question: Please show the work Use this information for questions 1-4: Boucher Service Companys EPS is $3.00. The payout rate is 60%, the growth rate of

Please show the work

Use this information for questions 1-4: Boucher Service Companys EPS is $3.00. The payout rate is 60%, the growth rate of earnings and dividends is 4%, and required return on equity is 7%. Bouchers ROE is 10% and the firms net profit margin (NPM) is 5%. Assume the constant growth model is appropriate.

What is Bouchers justified trailing P/E ratio (P0/E0)? (Enter your answer to the nearest 0.01.)

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