Lasten Company will release earnings soon. Current earnings per shares (EPS) is $2.12 and the P/E ratio is 9.56. Analysts expect EPS to be $2.22 for this quarter. Lasten Companys management is confident that it can beat analysts EPS expectations by 10% and stock price will increase to $23.45. What is its current price (before earnings release) and what will its P/E ratio be if Lasten Companys management is right with the predictions?

Current price = $21.22; Future P/E = 9.60

Current price = $20.27; Future P/E = 9.60

Not enough information is given to answer the question

Current price = $21.22; Future P/E = 10.56

Current price = $20.27; Future P/E = 10.56