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Currently, a firm has an EPS of $2.35 and a benchmark PE of 21.95. Earnings are expected to grow by 3.8 percent annually. What is

Currently, a firm has an EPS of $2.35 and a benchmark PE of 21.95. 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.)

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