Last year, Rec Room Sports reported earnings per share of $9.10 when its stock price was $282.10. 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.)

Last year, Rec Room Sports reported earnings per share of $9.10 when its stock price was $282.10. 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.) Price of the stock