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PLEASE SHOW WORK!! thank you ! 23. A firm has recently earned a profit of $1.55 per share and has a P/E ratio of 17.85x.

image text in transcribed PLEASE SHOW WORK!! thank you !

23. A firm has recently earned a profit of $1.55 per share and has a P/E ratio of 17.85x. The dividend is expected to grow at 7.00% for the next 5 years. If this growth rate continues, what would be the stock price in 5 years if the P/E ratio remained unchanged

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