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A company expects EPS to be $1.64 next year. The industry average P/E ratio is 38.60 and Enterprise multiple is 11.04. The EBITDA for the

A company expects EPS to be $1.64 next year. The industry average P/E ratio is 38.60 and Enterprise multiple is 11.04. The EBITDA for the company is $32.05 million. What is an estimate of the stock price using the method of comparables for P/E multiples? Round your answer to two (2) decimal places.

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