calculation Problem 4

Apple plc is thinking of acquiring Orange – an unquoted building company.
Orange currently paying a dividend of $0.20 per share and has a dividend cover of 3.2.
Apple has found that quoted building companies have an average PE ratio of 9.

which is the following would be the most sensible offer per share that Apple should made to Orange, based on the above information?

A) $5.76 per share
B) $6.13 per share
C) $1.80 per share
D) $0.56 per share

(Please sir solve this Problem)