Flex Company just paid total dividends of $$575,000$ and reported additions to retained earnings of $$1,725,000.$ The company has $515,000$ shares of stock outstanding and a benchmark PE of $15\mathrm{.}3$ times. What stock price would you consider appropriate?

Multiple Choice

$$68\mathrm{.}33$

$$61\mathrm{.}50$

$$51\mathrm{.}25$

$$64\mathrm{.}91$

$$17\mathrm{.}08$