CAKE Co. has the sales of $2,482 million, net income of $127 million, and the book equity of $571 million. It has 44 million shares outstanding. The industry average P/E ratio is 10.33, P/B ratio is 2.55, and P/Sales ratio is 2.34. What is the expected price of CAKE stock using the P/E ratio?

		$29.82
		$132.00
		$31.00
		$33.09