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Last year, Dover Foods Inc. had EPS of $15 and the stock was at $90. The company now has 400,000 shares of common stock outstanding.

Last year, Dover Foods Inc. had EPS of $15 and the stock was at $90. The company now has 400,000 shares of common stock outstanding. The companys net income is now $9,000,000. Assuming the company's price/earnings ratio increases by 50%, what will be the company's stock price now?

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