3.34 pts Question 9 MRK Corporation is a private corporation and as such has no public price for its stock. MRK has 750,000 shares of stock outstanding and its recent net earnings were $1,612,500. It competes against four public traded companies. The share price and earnings per share for each of these competing companies are as follows: Share Price EPS Competitor #1 $35.00 $2.50 Competitor #2 $48.75 $3.25 Competitor #3 $69.70 $4.10 Competitor #4 $51.10 $3.65 You have concluded that MRK's stock would trade at the average P/E multiple of its competitors. What would be MRK's share price? (go to 2 decimals)