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Currently, a firm has an EPS of $ 2 . 7 7 and a benchmark PE of 2 2 . 7 6 . Earnings are

Currently, a firm has an EPS of $2.77 and a benchmark PE of 22.76. Earnings are expected to grow by 3.8 percent annually. What is the estimated current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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