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Hermitage Corp. currently has Earnings per Share of its common stock of $3.85 and an earnings growth rate of 7%. The benchmark Price to Earning

Hermitage Corp. currently has Earnings per Share of its common stock of $3.85 and an earnings growth rate of 7%. The benchmark Price to Earning Ratio (P/E) is 21. What is the target price for a share of their common stock five years from now?

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