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Meadow Dew Corporation currently has an EPS of $ 2 . 2 0 , and the benchmark PE for the company is 2 1 .

Meadow Dew Corporation currently has an EPS of $2.20, and the benchmark PE for the company is 21. Earnings are expected to grow at 10 percent per year.
a.
What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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