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Use the following to answer questions 23-24. Use the following information to answer the next two questions. Suppose Dory's ChildFinder Service uses GPS tracking devices

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Use the following to answer questions 23-24. Use the following information to answer the next two questions. Suppose Dory's ChildFinder Service uses GPS tracking devices to help parents locate lost children. The firm has earnings per share of $1.47. The average PIE of the home daycare services industry is 21.3. The average PIE ratio for child safety equipment is 19.6. 23. Estimate 3 value for Dory's Child-Finder Services stock using the correct PIE as a valuation multiple. A) $29.39 B) $28.81 C) $33.31 D) $37.26

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