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Petronsky, Inc. is considering the acquisition of a private German firm. The earnings of the German firm are 10,000,000, and the average P/E ratio of

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Petronsky, Inc. is considering the acquisition of a private German firm. The earnings of the German firm are 10,000,000, and the average P/E ratio of publicly traded German firms in the same industry is 8. If the stock market level rises by 15 percent, what is the new market valuation of the private German firm? O a. 1,086,957 O b. 1,437,500 O c. 80,000,000 O d. 92,000,000 e. None of these choices are correct

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