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RAK, Inc., currently has an EPS of $1.10 and an earnings growth rate of 4.5 percent. If the benchmark PE ratio is 16, what is

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RAK, Inc., currently has an EPS of $1.10 and an earnings growth rate of 4.5 percent. If the benchmark PE ratio is 16, 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

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