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Davis, Inc., currently has an EPS of $1.00 and an earnings growth rate of 4 percent. If the benchmark PE ratio is 15, what is

Davis, Inc., currently has an EPS of $1.00 and an earnings growth rate of 4 percent. If the benchmark PE ratio is 15, what is the target share price five years from now? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Target share price

$

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