AviBank Plastics generated an EPS of $2.59 over the last 12 months. Thecompany's earnings are expected to grow by 29.9 % nextyear, and because there will be no significant change in the number of sharesoutstanding, EPS should grow at about the same rate. You feel the stock should trade at aP/E of around 31 times earnings. Us theP/E approach to set a value on this stock.

Using theP/E approach, the value on this stock is $