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Netmax Corporation is a private corporation and as such has no public price for its stock. It has 2 5 0 , 0 0 0

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 $1,000,000. It competes against four public traded companies. The share price and earnings per share for each of these competing companies are as follows:
Share Price EPS
Competitor #1 $45.00 $2.50
Competitor #2 $44.00 $2.75
Competitor #3 $69.70 $4.10
Competitor #4 $54.90 $3.05
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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