A Bank Plastics generated an EPS of 52.48 over the last 12 months. The company's earnings are expected to grow by 26.5% next year, and because there will be no significant change in the number of shares outstanding, EPS should grow about the same rate. You feel the stock should trade at a PE of around 34 times camings. Use the PE approach to set a value on this stock. Using the PE approach, the value on this stock is $(Round to the nearest cent)