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1. Davis, Inc., currently has an EPS of $3.06 and the firms earnings per share have increased from $1.49 to $3.06 in the past five

1. Davis, Inc., currently has an EPS of $3.06 and the firms earnings per share have increased from $1.49 to $3.06 in the past five years. If the benchmark PE ratio remains at 20, what is the target share price four years from now?

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