The shares of Global.com (U.S.), a new high-flying worldwide cellular phone company, are valued largely on the bases of price/earnings multiples. Other firms trading on U.S. exchanges in its similar industry segment are currently valued at \(\mathrm{P} / \mathrm{E}\) ratios of 35 to 40 . Given the following earnings estimates, what would you estimate the value of Global.Com to be?

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Last year's EPS This year's EPS $(1.20) $0.75 Next year's EPS $1.85