Hershel Corp.'s main competitors have P/E ratios of 20.08. 21.74, 22.19, and 19.59. Hershel's most recent EPS figure is $3.46. Your estimate of Hershel's stock price should be $__________ per share.

Margin of error for correct responses: +/- $.10.

Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is $12.34567, you should enter 12.35).