8. Your boss is very pleased with your work, and asks for your help in getting the values of some shares he is considering purchasing as investments for the company. TimCo Inc. shares are trading for $500. Analysts expect the company to generate net income of $41.7 billion. TimCo has 900 million shares outstanding. The average P/E ratio of TimCo's competitors is 18. What is the fair price for a share of TimCo