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The net earnings of Loyola Limtted reaches $ 1 5 , 0 0 0 million in this year. The total sales of the company is

The net earnings of Loyola Limtted reaches $15,000 million in this year. The total sales of the company is $320,000 million. The total number of shares is 1,000 million. Suppose the average P/E ratio of a group of comparable firms is 3. The average P/S ratio of a group of comparable firms is 0.2. What is the stock price based on P/E ratio? (rounded to the 2nd decimal place)

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