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2. A company had net income of $3 million and the industry it's in has a P/E ratio of 1OX. If the company's P/E ratio is traditionally to lower than its industry's and the company has 1 million shares of common stock issued, what is the value of the company's stock? A. $22.50 B. $28.25 C. $30.00 D. $37.50 E. $40.50