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Regal, Incorporated, currently has an EPS of $3.25 and an earnings growth rate of 8 percent. If the benchmark PE ratio is 23, what is

Regal, Incorporated, currently has an EPS of $3.25 and an earnings growth rate of 8 percent. If the benchmark PE ratio is 23, 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.)

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