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TargetCo has earnings per share of $3.80, 1.5 million shares, and a price per share of $40.80. If the companies in the same industry as

TargetCo has earnings per share of $3.80, 1.5 million shares, and a price per share of $40.80. If the companies in the same industry as TargetCo are trading at multiples of 16times earning, what would be one estimate of an appropriate premium for TargetCo?

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