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Summers 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

Summers 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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