Question: Question 19 6 pts Microsoft's current earnings per share (EPS) is $7.5, and the company has no free cash flow to pay dividends for the

Question 19 6 pts Microsoft's current earnings per share (EPS) is $7.5, and the company has no free cash flow to pay dividends for the next four years. It you forecast an average annual EPS growth rate of 12% for the next four years, a PE ratio of 45 by the end of year 4 (P/EPS4-45). a discount rate of 8%, what is the fair value per share of Microsoft today? (P/E approach)

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