Northstar operates in an industry that typically has a Price Earnings Ratio of 11.3. The company has Prior Year Sales of $777.77M, but launched an aggressive marketing campaign to boost sales by 4%. The increased expense of the campaign caused operating margins to fall to 2.5%. Assuming that they had no other income, and interest expense was $12.4m, what is closest to your best estimate of this year's stock price if the corporate tax rate is 34%, and there are 7.6M shares outstanding. A $7.68 B $19.85 C $58.33 D $11.63