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7) You are an analyst trying to figure out if Great Lights INC shares are a good investment at 25$/share, which is the price of

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7) You are an analyst trying to figure out if "Great Lights INC" shares are a good investment at 25$/share, which is the price of the stock today. You gather the following data: - Great lights Inc has produced $3000,$4000 and $7000 profits in the last three years respectively. You think next years' earnings will be up 20%. - The company has 2000 shares outstanding - Based on the mean P/E ratio valuation method, which is Great Lights INC fair value? Should we buy the stock? What is our expected return

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