23. Price Ratio Analysis for Internet Companies (LO4, CFA8) Given the information below for HooYah!

Corporation, compute the expected share price at the end of 2020 using price ratio analysis. Assume that the historical (arithmetic) average growth rates will remain the same for 2020.

Year 2014 2015 2016 2017 2018 2019 Price $ 8.00 $44.50 $116.00 $193.00 $83.00 $13.50 EPS −4.00 −3.30 −1.80 −.55 .04 .06 CFPS −9.00 −6.50 −2.80 −.25 .03 .08 SPS 5.00 13.50 18.10 20.30 23.80 21.95