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Era Company is expected to pay a dividend of $2.49 one year from today and $2.64 two years from today. The company's sales in two

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Era Company is expected to pay a dividend of $2.49 one year from today and $2.64 two years from today. The company's sales in two years are expected to be $15,650,000. The company has a PS ratio of 1.67 times, and 523,500 shares outstanding. If the required return on the company's stock is 10.8 percent, what is the current stock price? Multiple Choice $4.40 $45.06 $46.87 $40.67

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