17. The projected earnings per share for Risky Ven- tures, Inc., is $3.50. The average PE ratio for the industry composed of Risky Ventures' closest com- petitors is 21. After careful analysis, you decide that Risky Ventures is a little more risky than average, so you decide a PE ratio of 23 better reflects the market's perception of the firm. Estimate the cur- rent price of the firm's stock.