Intro Net income for the previous year was $400,000, of which $210,000 was paid out in dividends. Dividends are expected to grow at a constant rate. The company has 200,000 shares outstanding and the book value of equity is $5,000,000. The appropriate P/E ratio for this type of company is 17. Part 1 | Attempt 1/5 for 10 pts. What is the expected stock price 5 years from now? 1+ decimals Submit