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Suppose that the average P/E multiple in the oil services industry is 16x. The ABC Exploration company earned $3.20 last year. The company is expected

Suppose that the average P/E multiple in the oil services industry is 16x. The ABC Exploration company earned $3.20 last year. The company is expected to produce earnings that will be 10% higher at the end of this year. The intrinsic value of ABC should be:

$56.32 per share

$67.58 per share

$51.20 per share

$72.00 per share

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