Sully Corp. currently has an EPS of $2.30, and the benchmark PE for the company is 22. Earnings are expected to grow at 5 percent per year.

a.	What is your estimate of the current stock price? (Round your answer to 2 decimal places. (e.g., 32.16))

Current stock price

$

b.	What is the target stock price in one year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Target stock price

$

c.	Assuming the company pays no dividends, what is the implied return on the company