4) Next year, earnings of Vinod Ltd are forecast to be $0.41 per share, and it is expected to pay a dividend of $0.10. On average, the shares trade at a P/E multiple of 17.9 times. Using the P/E multiple approach to valuation, at what price would you expect Vinods shares to trade in the future? Please round your answer to the nearest whole cent but exclude the $ sign when typing your answer (i.e. $2.11 should be entered as 2.11)