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Raines Umbrella Corp. had earnings per share last year of $3.70. There are six other firms in the same industry, with the same capital structure

Raines Umbrella Corp. had earnings per share last year of $3.70. There are  six other firms in the same industry, with the same capital structure and  growth opportunities as your firm. They have P/E ratios of 11, 12, 13, 14,  15, and 16.

What do you calculate Raines Umbrella Corp.'s share price to be?

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