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Erna Company is expected to pay a dividend of $ 2 . 6 3 one year from today and $ 2 . 7 8 two

Erna Company is expected to pay a dividend of $2.63 one year from today and $2.78 two years from today. The company's sales in two years are expected to be $16,000,000. The company has a PS ratio of 1.81 times, and 527,000 shares outstanding. If the required return on the company's stock is 11.5 percent, what is the current stock price?

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