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Last year, Rec Room Sports reported earnings per share of $8.80 when its stock price was $246.40. This year, its earnings increased by 20 percent.

Last year, Rec Room Sports reported earnings per share of $8.80 when its stock price was $246.40. This year, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.)

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