Energy Resources generated an EPS of $$$$4\mathrm{.}31$ over the last $12$ months. The$$ company's earnings are expected to grow by $21\mathrm{.}2\%$ next$$ year, and because there will be no significant change in the number of shares$$ outstanding, EPS should grow at about the same rate. You feel the stock should trade at a$$ P$/$E of around $24$ times earnings. Use the$$ P$/$E approach to set a value on this stock.

Using the$$ P$/$E approach, the value on this stock is $$$ $($Round to the nearest$$ cent.$)$