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Moncoda Exports expects earnings at the end of the year to amount to $3.25 million. Moncoda has 425,000 shares of stock outstanding. Consensus among analysts

Moncoda Exports expects earnings at the end of the year to amount to $3.25 million. Moncoda has 425,000 shares of stock outstanding. Consensus among analysts indicates an appropriate P/E ratio for Moncoda is 17.6. What is a share of Moncoda worth? Round your answer to three decimal places

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