The median current P/E ratio for a set of comparable firms is equal to 21. Assume that it is the appropriate P/E ratio to use when estimating a relative value for a share of common stock for a target firm. Given that the current Earnings per Share for the target firm is $3.00, what is estimated price per share for the target firm?

Group of answer choices

1-$7.00 per share

2-$63.00 per share

3-$126.00 per share

4-$7.00 per share