Price$-$to$-$Earnings Ratio

On the basis of the current year earnings, a ZeMart stock selling at $3190$ has a P$/$E multiple of $215\mathrm{.}3$x$.$ An analyst estimates that next year$$s earnings per share would be $40\%$ higher, and the stock could be valued at a P$/$E multiple of $150$x$.$ Calculate the price of the stock next year based on this estimate.

$4232\mathrm{.}23$

$2673\mathrm{.}32$

$3111\mathrm{.}47$

$1505\mathrm{.}23$