Question $8$

Currently, a firm has an EPS of $$2\mathrm{.}08$ and a benchmark PE of $12\mathrm{.}8.$ Earnings are expected to grow by $3\mathrm{.}8$ percent annually. What is the estimated current stock price?

$$26\mathrm{.}08$

$$26\mathrm{.}62$

$$27\mathrm{.}12$

$$26\mathrm{.}42$