USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 174

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Modular Industries currently has a 16 percent annual growth rate, while the market average is 6 percent. The market multiple is 10.
-Refer to Exhibit 9.11. Determine the P/E ratio for Modular Industries assuming Modular can maintain its superior growth rate for the next eight years.

• A) 6.4
• B) 20.5
• C) 16.5
• D) 23.8
• E) 29.5

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