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The current annual sales of Serenade, Inc. are $ 2 5 0 , 0 0 0 . Sales are expected to increase by 1 0

The current annual sales of Serenade, Inc. are $250,000. Sales are expected to increase by 10.0% next year.
The company has a net profit margin of 5.0% which is expected to increase to 7.5% next year. There are 10,000 shares of common stock outstanding.
The market multiple is 18.0 and the stock has a relative P/E of 1.21 which is expected to go to 1.30 next year.
What is closest to the expected market price per share of common stock for next year?
Question 21 options:
$43.88
$48.26
$44.92
$32.18

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