Erna Company is expected to pay a dividend of $2.67 one year from today and $2.82 two years from today. The company's sales in two years are expected to be $16,100,000. The company has a PS ratio of 1.85 times, and 528,000 shares outstanding. If the required return on the company's stock is 11.7 percent, what is the current stock price? Multiple Choice O $45.21 $51.86 $4.65 $49.86

Ema Company is expected to pay a dividend of $2.67 one year from today and $2.82 two years from today. The company's sales in two years are expected to be $16,100,000. The company has a PS ratio of 1.85 times, and 528,000 shares outstanding. If the required refurn on the company's stock is 11.7 percent, what is the current stock price? Multiple Choice $45.21 55186 5465 936