Company's EPS last year=$2.16. Those earnings will grow 7% per year. The P/E is expected to be 20. Required: What is the expected stock price in 7 years? Hint: grow the EPS for 7 years to the future amount (use FV), then apply the Price/Earnings ratio to that EPS to get the expected stock price. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Projected stock price