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15. You have forecasted sales at Global Fertilizer to be $135 million in three years. You also forecast at the same time Globals P/E ratio
15. You have forecasted sales at Global Fertilizer to be $135 million in three years. You also forecast at the same time Globals P/E ratio will be 15, its payout ratio will be 4.2 percent, and its net profit margin will be 7.5 percent. Global currently has 1.5 million shares outstanding, and that is not expected to change in the future. What is your estimate of the companys stock price in three years?
Group of answer choices
$99.00
$103.20
$101.25
$105.26
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