Question: Problem 1 3 - 9 ( Algo ) The market capitalization rate for Admiral Motors Company is ( 1 3 % )

Problem 13-9(Algo)
The market capitalization rate for Admiral Motors Company is \(13\%\). Its expected ROE is \(15\%\) and its expected EPS is \(\$ 7\). The firm's plowback ratio is \(80\%\).
Required:
a. Calculate the growth rate.
Note: Input your answer as a nearest whole percent.
Growth rate
b. What will be its P/E ratio?
Note: Do not round intermediate calculations.
P/E ratio
Problem 13-9(Algo) The market capitalization rate for Admiral Motors Company is

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