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Erna Company is expected to pay a dividend of $2.65 one year from today and $2.80 two years from today. The company's sales in two

Erna Company is expected to pay a dividend of $2.65 one year from today and $2.80 two years from today. The company's sales in two years are expected to be $16,050,000. The company has a PS ratio of 1.83 times, and 527,500 shares outstanding. If the required return on the company's stock is 11.6 percent, what is the current stock price?

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