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Hi can you please help me solve this thank you Energy Resources generated an EPS of $3.96 over the last 12 months. The company's earnings

image text in transcribedHi can you please help me solve this thank you

Energy Resources generated an EPS of $3.96 over the last 12 months. The company's earnings are expected to grow by 30.4% next year, and because there will be no significant change in the number of shares outstanding, EPS should grow at about the same rate. You feel the stock should trade at a P/E of around 36 times earnings. Use the P/E approach to set a value on this stock. Using the P/E approach, the value on this stock is $ 142.56. (Round to the nearest cent.)

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