MC algo 7-50 PS Ratio Erna Company is expected to pay a dividend of $2.71 one year from today and $2.86 two years from today. The company's sales in two years are expected to be $16,200,000. The company has a PS ratio of 1.89 times, and 529,000 shares outstanding. If the required return on the company's stock is 11.9 percent, what is the current stock price? Multiple Choice ces $50.93 $52.97 $6.74 $46.22 $4.71 Non