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Problem 7.29 Stock Valuation and PE [LO 1] Regal, incorporated, currently has an EPS of $3.25 and an earnings growth rate of 8 percent. The

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Problem 7.29 Stock Valuation and PE [LO 1] Regal, incorporated, currently has an EPS of $3.25 and an earnings growth rate of 8 percent. The benchmark PE ratio is 23 . What is the target share price in five years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16

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