BIIB Corp. is a private corporation and as such has no public price for its stock. BIIB has 1,500,000 shares of stock outstanding and its recent net earnings were $4,950,000. It competes against three public traded companies. The share price and earnings per share for each of these competing companies are as follows: You have concluded that BIIB's stock would trade at the average P/E multiple of its competitors. Question 06 Details Share Price EPS Competitor #1 $32.00 $2.00 Competitor #2 $45.00 $3.00 Competitor #3 $42.59 $2.50 What would be BIIB's share price