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Problem 8-29 Stock Valuation and PE (LO2) RAK, Inc., currently has an EPS of $1.40 and an earnings growth rate of 7 percent. If the

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Problem 8-29 Stock Valuation and PE (LO2) RAK, Inc., currently has an EPS of $1.40 and an earnings growth rate of 7 percent. If the benchmark PE ratio is 31, what is the target share price five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Target share price ces

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