P/E ratio industry average formula june 2009

Sir is the formula divided multiplied by eps or dividend per share. cause i saw dividen per share in another exam but here is eps
The price/earnings ratio of KFP Co is eight times
) Calculate the total value of the target company, NGN, using the following valuation methods:
(i) Price/earnings ratio method, using the price/earnings ratio of KFP Co; and

the answer
I got
Price/earnings ratio method
Earnings per share of NGN = 80c per share
Price/earnings ratio of KFP Co = 8
Share price of NGN = 80 x 8 = 640c or $6·40

I did, 80*45%+= 36 then 8*36