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A company had net income of $3 million and the industry its in has a P/E ratio of 10X. If the companys P/E ratio is

A company had net income of $3 million and the industry its in has a P/E ratio of 10X. If the companys P/E ratio is traditionally 25% higher than its industrys and the company has 1 million shares of common stock issued, what is the value of the companys stock?

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