10. Lauren Entertainment, Inc., has an 18 percent annual growth rate compared to the mar- ket rate of 8 percent. If the market multiple is 18, determine P/E ratios for Lauren Enter- tainment, Inc.,...

Extracted text: 10. Lauren Entertainment, Inc., has an 18 percent annual growth rate compared to the mar- ket rate of 8 percent. If the market multiple is 18, determine P/E ratios for Lauren Enter- tainment, Inc., assuming that its beta is 1.0 and you feel it can maintain its superior growth rate for the next: a. 10 years. b. 5 years.