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Netmax Corporation is a private corporation and as such has no public price for its stock. It has 250,000 shares of stock outstanding and its

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Netmax Corporation is a private corporation and as such has no public price for its stock. It has 250,000 shares of stock outstanding and its recent net earnings were $875,000. It competes against four public traded companies. The share price and earnings per share for each of these competing companies are as follows: You have concluded that Netmax's stock would trade at the average P/E multiple of its competitors. What would be the company's share price? (go to 2 decimals)

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