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At the beginning of the year, an analyst forecasts that the earnings of Gyronetics Corp. will be $ 1 2 0 per share this year.
At the beginning of the year, an analyst forecasts that the earnings of Gyronetics Corp. will be $ per share this year. Due to increased demand for drones, Gyronetics' main product, earnings are expected to grow at a fast pace forever, at per year. However, due to the riskiness of the business, the analyst believes the appropriate discount rate for the company must also be high, equal to Gyronetics maintains a constant payout ratio of per year. In the analyst's opinion, what should Gyronetics' stock price be
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