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Valuation with price/earnings multiplesFor the firm shown in the following table, use the data given to estimate its common stock value employing price/earnings (P/E) multiples.

Valuation with price/earnings multiplesFor the firm shown in the following table, use the data given to estimate its common stock value employing price/earnings (P/E) multiples.

Expected EPS

$2.28

Price/earnings multiple

11.1

The value of the firm's common stock is $

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