Currently, Southern Foods has sales of $1.32 million, a net profit of $521,400, and 125,000 shares of stock outstanding. The sales and net profit are each expected to grow by 6 percent annually. however, the current trailing twelve months (TTM) P/S ratio is 8.69.

However, the current trailing twelve months (TTM) P/S ratio is 8.69. Based on the current P/S ratio, what is the current market price (P₀) of the stock?

Using the current P/S ratio of 8.69 (based on what the market is currently willing to pay for one dollar's worth of sales), what is the expected price (P₁) of the stock one year from now?

What is the current P/E ratio for Southern Foods?

Given the historical (5-yr avg) P/E ratio is 18.5, what is the expected price (P₁) of this stock one year from now?

Southern Foods reported a return on equity (ROE) of 12.0% for the last fiscal year. Also, they just paid a dividend of $2.50 per share. Using the firm's sustainable growth rate in earnings and the historical P/E ratio, what is the expected price of this stock one year from now?