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Tall Tree Timber has annual net income of $213,640 and 72,000 shares of stock outstanding. Big Trees is a similar firm with similar growth

Tall Tree Timber has annual net income of $213,640 and 72,000 shares of stock outstanding. Big Trees is a similar firm with similar growth opportunities that has 75,000 shares of stock outstanding with $31.80 a share and earnings per share of $1.48. What is the estimated value of Tall Tree Timber? market price of

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